Lot 3 (Entire), 11a & b, 13,14,15a,16,17 North Quay, Drogheda, Louth

  Pre-Auction Marketing
Starting Price* 1,050,000

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  • Overview
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Property Overview

The Leinster Property Auction in partnership with Property Partners John Little

Offered at bids over €1,050,000

An excellent opportunity to acquire an extensive commercial investment property portfolio as a single lot or multi lot.

Prime retail investment opportunity located in centre of Drogheda town. Positioned along North Quay overlooking river Boyne and Scotch Hall shopping centre. This is the main pedestrian route between town centre and Scotch Hall and enjoys excellent footfall.

The property also offers easy access to Dublin and Dublin Airport by way of Mainline Railway Station / M1 Motorway

On offer is ground floor and first floor of 11a and 11b. Currently leased to 2 tenants at combined rent of c.€40,000 p.a.

The second lot is the combined portfolio of No.13, No.14, No.15a, No.16 and No.17.
No.13 is currently vacant, No.14 is leased at c. €26,762 p.a and No’s 15a, 16 & 17 ground floor is leased to Office Centre at c.€42,000 p.a with vacant self contained office suite overhead.

There is further scope to manage and increase the rental income as any retail vacancies that arise in North Quay are quickly taken up, because of their substantial size, good location and footfall.

Offered in the folling lots:
Lot 1 - Units 11a & 11B - Offered at bids over €330,000
Lot 2 - Units 13, 14, 15a, 16 & 17 - Offered at bids over €720,000
Lot 3 - Entire - Offered at bids over €1.05 Million

BER DETAILS:
Unit 11a - BER C1 / 800450173
Unit 11b - BER C2 / 800450173
Unit 13 - BER D1 / 800450199
Unit 14 - BER C1 / 800450207
Unit 15a - BER G / 800450223
Unit 16 - BER C2 / 800450231
Unit 17 - BER F / 800450215

TO VIEW OR MAKE A BID Contact Property Partners John Little on 041 983 1448 or visit the auction website www.leinsterpropertyauction.ie

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.

Auctioneer's Comments

This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale, which is operated by The Leinster Property Auction powered by IAM Sold.

Building Energy Rating (BERs)

Building Energy Ratings (BERs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

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Property Partners John Little

Head Office: 80 Trinity Street, Co. Louth,

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

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