10 & 12 Pearse Street, Mullingar, Westmeath

AMV €350,000

Beds	7 beds
Price	AMV €350,000
Property Type	Terraced House
Size	391 meters²
Energy Rating	BER-G
Refreshed on	Oct 4, 2024
Eircode	N91 C8AF
Group Name	PMC Real Estate
Sales License Number	004587

Description

Property Summary Online Auction Date: 24th October 2024. 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. 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 Retail unit - Ground Floor Retail Unit - 154 sq. m - Entire Single Let Apt 1 - First Floor Two Bedroom Apartment - 52 sq. m - Entire Single Let Apt 2 - Second Floor Two Bedroom Apartment - 55 sq. m - Entire Single Let Flat 12 - First & Second Floor Three Bed Duplex Apt - 130 sq. m - Entire Single Let For further information regarding the auction process, registering to bid and viewing the property please contact Patrick McCormack on 086-4634687

BER Details

BER: G BER No.117800888 Energy Performance Indicator:456.61 kWh/m²/yr

Description

BER Details

BER: G BER No.117800888 Energy Performance Indicator:456.61 kWh/m²/yr