Location

Situated on West Street, “The Golden Quarter Mile” in Drogheda Town Centre.
Drogheda which straddles the River Boyne is one of Irelands oldest towns. Is located on Dublin - Belfast corridor c. 50 km north of Dublin and c. 120 km south of Belfast.
Drogheda is the sixth most populous urban areas in Ireland (population 40,956 – 2016 Census) and showed a population increase of 6.2% between 2011 and 2016.
Adjacent occupiers include Penneys, Dunnes Stores, Tesco, EBS, Elverys, Ulster Bank and CeX Exchange.

Summary

• Shop occupied by Hickey’s Pharmacy Limited.
• Long term lease.
• Current income €130,000 per annum, from ground floor retail.
• Additional income potential from vacant offices.
• Total area c. 6,650 sq. ft.

Description

The property comprises a mid terrace 3 storey building with a large single storey and part 2 storey extension to the rear. In addition, there is an enclosed yard to the rear of the premises combining carparking and service area.

The ground floor is fitted out as a high quality Hickey’s Pharmacy with dispensary, staff areas, consulting rooms and storage to the rear.

There are self contained offices on the first and second floor which are currently vacant and ready for letting.

The approximately net internal floor areas are as follows:

Hickey’s Pharmacy                           m2
Ground Floor:
Sales Area                                         362.3
Dispensary                                          35.1
Rear Staff Areas                                 18.0
Rear Stores                                         45.0
First Floor Stores                               45.0

Sub Total                                           505.4 (5,440 sq. ft)

Self contained offices
First Floor                                           40.0
Second Floor                                       72.0

Sub Total                                            111.2 m2 (1,208 sq. ft)

BER Rating

BER Rating: G

BER No: 800359721

EPI: 2651.47 kWh/sq.m/yr

Lease Terms

The ground floor shop, rear stock rooms and yard areas are let to Hickey’s Pharmacy Limited under a Lease for a term of 15 years from the 20th of February 2019 at a rental of €130,000 p.a.

Hickeys are responsible for all outgoings and repair and maintenance of the demise and contribute pro rata to the repair of the roof over the offices and insurance of the building.

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