LOCATION
The Abbey Shopping Centre is located in the heart of Drogheda overlooking the River Boyne.  Drogheda is a thriving port town located approximately 45km 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
The property which occupies an island site extends to approximately 0.25 hectares (o.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.


TENANCIES
Further details of the remaining tenancies are available from the sole selling agent.


SERVICES
All services are available in the area but we advise all interested parties to check themselves as to the availability and adequacy of services.



TITLE  Freehold

SOLICITOR   Grant & Company., 26 Fair Street, Drogheda, Co. Louth. (Mr. Julian Grant). 
Telephone 041 - 9836230


VIEWING - Strictly by appointment with the sole selling agents.

REFERENCE: Mark Smyth/Keiron Diamond - DL0518




MS/KD Asking Price: Excess €15 million.