Excellent Development Opportunity To Acquire A 150 Bedroom Nursing Home Site In Drogheda, Co. Louth

Moneymore Nursing Home Site, Drogheda, Co. Louth

Dublin, October 2016 – CBRE are delighted to have been instructed by Coopers Development to bring the Moneymore Nursing Home site in Drogheda, Co. Louth to the market for sale by Private Treaty.

The Moneymore site has full planning permission for a 150 bedroom purpose built two and three storey nursing home building on a 2 acre site with ample car parking for visitors to the Moneymore Nursing Home.

The Nursing Home site is located close to Our Lady Of Lourdes Hospital, Drogheda Psychiatric Hospital and Crosslands Medical Centre and is less than 3 kilometres from Drogheda Train Station on the Dublin Road.

According to ‘Future Analytics’ the town of Drogheda has had a population growth of 7% over the last 5 years, which is twice the national county level. Drogheda’s 2011 Census profile also shows a sizable cohort in the 65+ range (3,736 people) and some of these people may now require nursing home care.

The Moneymore Nursing Home site is located less than 7 kilometres from the east coast and is within a short driving distance of the growing north county Dublin towns of Bettystown, Laytown Balbriggan Skerries and 31 minutes travel time from Swords and north Dublin.

Drogheda has a host of amenities in the immediate area including Drogheda United Football ground, 5 Shopping Centre’s and a host of shops, cafes, restaurants.

CBRE are quoting a sales price in the region of €2,000,000 for this property.

Robert Colleran, Director, CBRE Ireland Development Land
This is an excellent opportunity to acquire a 150 bedroom nursing home site that is located close to Drogheda Hospital, Psychiatric Hospital and Crosslands Medical Centre.
Robert Colleran, Director, CBRE Ireland Development Land

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.