Wellington Quay Drogheda, County Louth , A92 NCC6

FREEHOLD COMMERCIAL INVESTMENT PROPERTY
Approx.  413 SQM / 4,446 SQ FT total gross floor area

*** BUSINESS AS USUAL - TENANTS NOT AFFECTED ***    

Location:
Freehold commercial investment property occupying a high profile trading location on Wellington Quay close to all town centre amenities.

Description:
Substantial two storey commercial property with attractive cut-stone façade and excellent retail frontage to Wellington Quay.  

Restaurant:
Aisha’s Café & Bistro is a Middle-Eastern restaurant occupying part ground floor and entire first floor of the subject property. This fully-fitted & equipped restaurant has been trading successfully at this location for approx. 12 years. Lease: New 15 years lease term from January 2024 at a rent of €30,000 per annum. Rent reviews every 5 years. 

Shop:
Self-contained ground floor shop extending to approx. 34.0 sqm / 369 sq ft. Let to Braza Groceries (sale of Brazilian goods) for a term of 4 years from 29th July 2022 at a rent of €9,000 per annum.

Rear Workshop:
Self-contained two storey workshop building extending to approx. 88.0 sqm / 947 sq ft. Accessed via the archway from Wellington Quay, this unit has an estimated rental value (ERV) of approx. €10,000 per annum. Alternative potential for conversiion to residential use (subject to planning). 

Rear Yard:
Vacant. Potential to redevelop for new residential accommodation.

Accommodation:

RESTAURANT:
Ground Floor: 66.71 sqm / 718 sq ft reception, pizza takeaway, staff toilet & customer toilets

First Floor: 
Restaurant: 88.28 sqm / 950 sq ft
Kitchen & Preparation Areas: 31.88 sqm / 343 sq ft

SHOP: 34.0 sqm / 369 sq ft 
REAR WORKSHOP: 88.0 sqm / 947 sq ft
REAR YARD: (9.06m x10.583m) 96.0 sqm / 1,033 sq ft

Key Features:
Excellent opportunity to acquire an easily managed town centre commercial investment property with further income potential.
Well-established anchor restaurant tenant with good reputation.
Potential to redevelop rear workshop building / vacant yard for new residential use. 

Directions:
USE EIRCODE: A92 NCC6