Knight Frank Commercial Search Ireland: Developments

Size

0.26 HA / 0.65 Acres

Location

The Abbey Shopping Centre is located in the heart of Drogheda overlooking the River Boyne. Drogheda is a thriving port town located approximately 45 km from Dublin, just off the M1, allowing easier access to Dublin Airport and the North.

Other closeby towns such as Navan, Balbriggan and Dundalk have all experienced considerable growth in recent years.

Description

FOR SALE BY PRIVATE TREATY.

The property, which occupies an island site, extends to approximately 0.25 Ha (0.65 Acres). It is bounded by 4 streets namely Dominic Street, Linenhall Street, Patrickswell Lane and the main shopping thoroughfare West Street. It provides a rare opportunity to develop this riverside site, right in the heart of the historic walled town of Drogheda.

The property is mostly vacant although some tenancies remain on long and short term leases.

The car park, which is owned by the OPW, forms part of the planning permission which stated that this car park is to ensure satisfactory parking facilities for the Abbey Shopping Centre.

It is considered that there is excellent potential to create an anchor development at this end of West Street, whilst at the same time, making better use of the riverside.

The sites recently acquired by the OPW, which are adjacent, are ear marked for the proposed decentralisation of the Department of Social & Family Affairs for Drogheda.

TOWN PLANNING

Under the Drogheda Development Plan the property is in an area zoned 'TC' - "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".

It is understood that there is potential to develop up to seven storeys in height in this area.

Price

On application

Terms

Further terms available on request

Subject to contract.