A guide price in excess of €2.5million is recommended for a striking late Victorian redbrick residence in Drogheda, Co Louth.

Zoned commercial, the property offers excellent potential subject to planning as a nursing home, hotel, hospice or corporate headquarters. St Laurence Lodge, King Street, Drogheda was built in 1876 in Tudor Revival style. It has undergone extensive refurbishment and restoration, and offers 1,300 sq m (14,000 sq ft) of space.

Many period features have been retained in this building including pine flooring, fireplaces in most rooms, high ceilings, pierced barge-boards and iron cresting on the roof ridges, stained glass and leaded windows.

A Christian Brothers school was built on the site in 1867 designed by Pugin and Ashlin. Initially this was a U-plan building of seven bays and two storeys, with advanced two-bay gable ends.

It has a fussy façade with black brick and limestone bands, decorated with bosses, segmental-headed windows with recessed jambs and slender pedimented porch.

It is located close to Laurence's Gate within walking distance of the town centre. Site size is about 2,122 sq m (22,840 sq ft) and there is ample car-parking to the front of the building. The property will be sold at auction on May 27th by Gunne in its showrooms in Ballsbridge, Dublin.