Auction
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10 & 12 Pearse Street, Mullingar, Co. Westmeath, N91 C8AF

  • Auction
  • Ireland
  • Mixed Use
  • Commercial

Guide Price €350,000

Bidder Security €7,000 *fully refundable if unsuccessful bidder
Auction Date 24 October
Bidding Opens 08:00 (GMT+1)
Bidding Closes To be Confirmed

Property Viewings

Viewings have not yet been scheduled for this property.
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Property Summary

  • A mixed use investment opportunity.
  • Comprising a ground floor retail unit and 3 x apartments on the first and second floors.
  • Extending to approximately 391 sq. m (4,208 sq. ft) in total
  • Prime town centre location.
  • Total current rent reserved €10,000 per annum.
  • Significant reversionary potential.

Contact Us

Ian McCarthy
Ian McCarthy
Property Agent, here to help.
Patrick McCormack
Patrick McCormack
Joint Agent, here to help.
Domhnaill Small
Vendor's Solicitor

Contact Us

Ian McCarthy
Ian McCarthy
Property Agent, here to help.
Patrick McCormack
Patrick McCormack
Joint Agent, here to help.
Domhnaill Small
Vendor's Solicitor

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Property description

The property is arranged over ground, first and second floor to provide an end of terrace mixed use building. Internally the property comprises a ground floor retail unit together with 2 x two bedroom and 1 x three bedroom duplex apartments on the first and second floor levels.

The property is situated on Pearse Street in the centre of Mullingar Town. The town is serviced by numerous transport links including the N4, M4 Motorway and Mullingar Train Station. Surrounding occupiers include McDonald's, Specsavers, Insomnia Coffee and Vodafone.

Tenancy

The entire property is currently let to Seven Acres Ltd. T/a John P Foy for a term of 20 years from January 2013 at a contractual rent of €10,000 per annum, exclusive of rates and VAT. The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants.

Additional Details

Number

Floor 

Accommodation

Sq. M. 

Sq. Ft 

Annual Rent (€)

Retail unit

Ground Floor

Ground Floor Retail Unit

154

1,657

Entire Single Let

Apt 10

Second Floor

2 Bedroom Apartment

55

592

Entire Single Let

Apt 11

First Floor

2 Bedroom Apartment

55

592

Entire Single Let

Apt 12

First & Second Floor

3 Bedroom Duplex Apartment

120

1,290

Entire Single Let

 

All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

VAT

Please refer to Legal Documents

BER Rating

C2 - G

BER Identification Number

Available from BidX1.

Energy Performance Indicator

412.45 kWh/m²/yr - 456.61 kWh/m2/yr

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*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.

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