TENANT NOT AFFECTED 10/11 West Street Drogheda Co. Louth
• Shop occupied by Hickey’s Pharmacy Limited • Long term lease • Current income €130,000 p.a. from retail space • Additional income potential from vacant offices • Total area c.618m2/6,650 sq.ft.
FOR 01 662 3113 SALE www.quinnagnew.ie LOCATION DESCRIPTION
Situated on West Street, “The Golden The property comprises a mid terrace 3 Quarter Mile” in Drogheda Town Centre. 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 Drogheda which straddles the River Boyne and service area. is one of Ireland’s oldest towns, located on Dublin - Belfast corridor c. 50 km north of Dublin and c. 120 km south of Belfast. The ground floor is fitted out as a high quality Hickey’s Pharmacy with dispensary, staff areas, consulting rooms Drogheda is the sixth most populous urban and storage to the rear. area in Ireland (population 40,956 – 2016 Census) and showed a population increase of 6.2% between 2011 and 2016. There are self contained offices on the first and second floor which are currently vacant and ready for letting. Adjacent occupiers include Penneys, Dunnes Stores, Tesco, EBS, Elverys, Ulster Bank and CeX Exchange.
ACCOMMODATION
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 40.2 Second Floor 72.0 Sub Total 112.2 (1,208 sq. ft)
TENANCY 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.
Hickey’s 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.
OPPORTUNITY Secure tenant for term of c. 15 years with an immediate opportunity to increase the rental income by letting the vacant self contained offices.
THE TENANT Hickey’s Pharmacy Limited is the holding company for the group which has been trading since 1995 and employs over 350 people in 37 stores throughout the country with a support office in Dublin. SITE OUTLINE MAP
SELLING AGENTS BER RATING G
Manus Agnew BER No. 800359721 T: 01 662 3113 EPI: 2651.47 (kWh/m2/yr) M: 087 254 6391 E: [email protected] SOLICITOR PRSA: 003454-005915
Nick Boyle
T: 01 6623113 Paul McCutcheon M: 087 9639001 Kane Tuohy Solicitors E: [email protected] The Malthouse North PRSA: 003454-005483 Grand Canal Dock Dublin 2 T: 01 672 2233 E: [email protected]
20 Clanwilliam Square, Grand Canal Quay, Dublin 2 T: 01 662 3113 E: [email protected] W: www.quinnagnew.ie PSRA: 003454
The terms set out herein are by way of partial summary. Intending purchasers or lessees should obtain a copy of the Particulars and Conditions of the Sale where the matters are dealt with comprehensively. Particulars and Conditions of Sale are available from the Agents and the solicitors with carriage of sale. Quinn Agnew act for the vendors and/or lessees of this property whose Agents they are, hereby give notice that, (1) The particulars are set out in this Brochure and Schedule as a general outline for the guidance of intending purchasers or lessees and do not constitute part of an offer or contract. (2) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No person in the employment of Quinn Agnew has any authority to make or give any representation or warranty whatsoever in relation to this property. (4) All prices quoted are exclusive of VAT.