1 Clancy Court,

Features

• Electric Storage Oil Fired Heating
• Laminate flooring
• PVC windows
• Parking to rear
• Tenants not affected
• Offices and three apartments leased to commercial tenant
• Two residential apartments leased
• Private access to all apartments

ACCOMMODATION SUMMARY
Office Building approx. approx. 2,831ft2
Ground floor Retail Unit approx. 590ft2
Apartment Block w/5 Apartments approx. 1,920ft2


DESCRIPTION
Unique opportunity to acquire a prime investment property in the heart of Mullingar. Located on Mary Street, the sale comprises of 2 adjoining buildings with a combined floor area in the region of 5,382ft2.

Retail Unit: 590ft2 – Leased
Office space: 2,831ft2 – Leased
5 Apartments: 1,920ft2 – 3 Leased

The tenant of the office block has leased 3 of the apartments on the ground floor and first floor and incorporated them into offices.

The property has a secure rear yard with parking.

Lease Details
The office space and 3 apartments are leased to the same tenant on a 10-year lease from January 2023.
The 2 apartments on first floor are let to private tenants from 2023. The ground floor retail unit is leased on a year-to-year lease.
Total income generated from the entire property is €69,200 per annum.
(Rent Reviews Due over Next 5 Years

FEATURES
•Electric Storage & Oil Fired Heating
•Laminate flooring
•PVC windows
•Parking to rear
•Tenants not affected
•Offices and three apartments leased to commercial tenant
•Two residential apartments leased
•Private access to all apartments
•Tenants Not Affected

TECHNICIAL INFORMATION

SALE METHOD: By Private Treaty

FIXTURES & FITTINGS:
The property is being sold with all remaining fixtures, fittings and furniture.

TENURE:
For Sale Freehold.

VIEWING:
Strictly by Private Appointment. Front Lobby 1.3m x 3.5m 
Reception Room 6.7m x 2.8m Laminate flor, waiting area, radiators.
Fireproof safe 3m x 1.5m 
Hallway 5m x 1m 
Office One 3.4m x 2.3m 
Board Room 3.2m x 4.3m 
Office Two 3m x 2m 
Stairwell 3m x 2.2m 
Landing 1m x 5.5m 
1st Floor Office 3m x 4.2m 
Front Office 3.9m x 4.6m 
Open Plan Office 6m x 5.8m 6 work stations
Office 2.7m x 4.2m 
Apartment One  Currently used for file storage by leasee
Filing Room 2.9m x 6.5m 
WC 1.9m x 1.6m 
Apartment Two/Office  
Stair Well & Floor 1.8m x 2.2m 
Two Offices 8m x 4.4m 
Apartment Three/Offices  
Kitchen 3m x 2.2m 
Filing 4.1m x 3m 
Bathroom 1.9m x 1.6m 
Apartment Four  
Kitchen/Living Area 6.6m x 3.2m 
Bedroom 3.4m x 3.4m 
Apartment Five  
Retail Shop 50sqm / 538sqft 
BER: C3D2

Mullingar is a busy town in Westmeath. It has a number of supermarkets and chain stores, as well as branches of the major banks. There are also several industrial estates, including the National Science Park. The town recently won a €25m Lidl Warehouse and distribution center which will employ between 100 and 150.

Mullingar lies near the national primary route N4, the main Dublin – Sligo road, 79 km (49 mi) from the capital. The N52 also connects Mullingar to the Galway-Dublin M6 motorway. The town is served by Bus Éireann, and Mullingar station provides commuter services to Dublin and InterCity trains to/from Sligo. The town has several primary schools and secondary schools.