10 & 12 Pearse Street, Mullingar, Co. Westmeath

€350,000

Beds
Price	€350,000
Property Type	Investment Property
Size	meters²
Energy Rating	BER-C2
Refreshed on	Oct 3, 2024
Eircode	N91C8AF
Group Name	BidX1 Ireland Ltd
Sales License Number	001652

Description

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. 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. 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.

Accommodation

BER Details

BER: C2 Available from BidX1. 412.45 kWh/m²/yr - 456.61 kWh/m2/yr

Lot Number

Negotiator

Ian McCarthy

Auction Location

Online - BidX1

Auction Time

2024-10-24 08:00

Description

Accommodation

BER Details

BER: C2 Available from BidX1. 412.45 kWh/m²/yr - 456.61 kWh/m2/yr

Lot Number

Negotiator

Ian McCarthy

Auction Location

Online - BidX1

Auction Time

2024-10-24 08:00