Drogheda, Co. Louth
17,000 sq ft NIA shell and core office building over 4 storeys in town centre.
Refurbish office and acquire good covenant tenant in order to maximise rent and compress yield.
Building found non-compliant with fire regulations. Programme of compliance works in progress alongside Cat-A fit-out works to achieve maximum rental value.
Yield on Capex (projected): 14%
Purchase: June 2015