One of the largest development sites to come on the market for years in Drogheda, Co Louth is new to the market this week through GVA Donal Ó Buachalla .

The cleared site, once occupied by a large Coca-Cola manufacturing facility, extends to 11.7 hectares (29 acres) at Donore Road and has an asking price of €4.35 million.

Coca-Cola subsequently moved to a 5,574sq m (60,000sq ft) office building at the Southgate shopping centre in the town where it employs over 200 people in its Global Business Services Hub. It provides financial and other services to Coca-Cola marketing operations in Europe and Eurasia.

The development site is zoned as an "employment generating zone" in the Drogheda Borough Council Development Plan 2011-2017. Uses permitted or open to consideration under this zoning include technology-based employment, offices, motor sales, petrol station, residential, retail warehousing, sports facilities, garden centre and wholesale warehousing amongst others.

The site is bound to the west by commercial users, which include Funtasia Waterpark and Becton Dickinson & Company, a medical technology company, and to the east by established residential uses.

It is almost equidistant from Drogheda town centre to the east and exit 9 off the M1 to the west.

There is also extensive road frontage to the site’s southern and northern boundaries with significant profile to the southern section of the site in particular.

Opportunity

GVA Donal Ó Buachalla says this is an opportunity for an investor/developer to acquire a strategic land holding in a large urban centre with potential for a variety of mixed-use redevelopment opportunities.

Drogheda is an important market town in Co Louth that grew rapidly during the boom years.

Its rail connection to Dublin is popular with commuters.