44 Laurence street, Drogheda, Louth

Investment property for sale - tenants not affected. 3 story over basement attractive redbrick Georgian property located in centre of Drogheda town on high profile street. The street enjoys a mix of retail and professional service businesses and regarded as one of the finest streets in Drogheda town. No. 44 is located directly across road from Bank of Ireland and midway between the historic Laurence's Gate and the junction of West Street and Shop street. The street is well established with majority of buildings entirely occupied. Letting demand is always strong in the area both for ground floor and office space. There would be future potential to convert upper floors to residential use (subject to relevant planning) The property itself is well maintained both internally and externally and would be considered in good condition given its age and nature of building. The property is currently let with ground floor leased to a record shop retailer with a passing rent of €18,000 p.a. The first and second floors are leased to accountancy practice with a passing rent of €15,600 p.a. Both tenants are not affected by sale.