Commercial

P.O.A.
West Street + Scholes Lane, Drogheda, Louth,
Commercial | BER Rating

Property Overview

Sale Agreed

Overall Floor Area: 946.02m² | 10183f²
Land Area: 0.5 Acres | 0.2 Hectares
Property Views: 554

Mixed use portfolio of Retail, Office, and Residential, with vacant land and property.
Stretching and interconnected from West Street to Scholes lane.

Total size approximately 0.5 acre.

Property is part occupied and has a total rental income of €90,264.
Property is zoned "Town Centre" under the Drogheda Development Plan 2011-2017. The current development plan has expired.

The property comprises a portfolio of mixes use assets located on West Street and Scholes Lane with derelict lands between. The portfolio is a mix of 2 bed residential apartment, offices and retail. The asset also has three protected structures onsite. Given the property's central location in Drogheda, it makes this an ideal oppertunity for a high stree retail led scheme.
The lands are currently zoned "Town Centre" under the Drogheda Development Plan 2011-2017. The current development plan has expired however "Town Centre" can be defined as "To protect and enhance the special physical and social character of the existing town centre and to provide for new and improved town centre facilities and uses".
The property has an annual income of €90,264 with the tenants remaining in situ after the sale.

West End House and Arcade: 306 sq.M.
80 West Street: 270 sq.m.
Bellscourt / Scholes lane: 370 sq.m.
Walled and paved garden to rear of Bellscourt.
Area to rear of 80 West St, to include a derelict building.
Former Garden Restaurant site, former public toilets and associated land.
The size of the entire subject site is approximately 0.5 acre.

This portfolio of properties is located on West Street, and Scholes lane, in Drogheda Town Centre. There is also a portion of derelict lands to the rear of the West Street properties and the Scholes Lane properties.

 

There are three protected structures located within the subject property:
1) DB-24: West End Arcade - Elliptical headed arch of channeled limestone ashlar in rubble masonary wall.
2) DB-243: 80 West Street - Two bay, three storiey house with shopfront.
3) DB-284: 84 West Street - Three bay, three storey house with pedimented windows to first floor and round-headed doorcase built c.1820.

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