13 Laurence Street, Drogheda, Co Louth

13 Laurence Street was completely renovated into residential apartments in 2022 and has enjoyed full and stable tenancy capacity for the last 4 years. The building itself is located mid Laurence Street beside Bank of Ireland and comprises of and entrance hall, 3 x studio apartments, 3 x 2 bedroom apartments and a small inner courtyard. The studio apartments are located to the front of the building and are bright and spacious consisting of a large, kitchen, dining, living and sleeping area each with its own private modern bathroom. The 2 bedroom apartments are located to the rear of the building and are exceptionally large apartments with 2 double bedrooms, large bathroom, storage closets and open plan spacious kitchen, living and dining area. The apartments are heated with a modern electric heating system. Each apartment has its own BER rating and they range from C3 to B2. The building runs off mains water and waste and bins are stored in the secure courtyard. The building is fully fire compliant and HAP approved.
Being sold with tenants in situ annual rental yield is excellent. The building is shared by a lovely mix of tenants that enjoy long term tenancy. The property requires no upgrades or further works and is ready to be passed on to a savvy investor who can enjoy immediate rental income with no further investment beyond purchase costs. All viewings are by appointment only.