18 Pearse Street, Mullingar, Co Westmeath

Location

The subject property is located in a prominent position on Pearse Street, Mullingar, the capital town of County Westmeath. Mullingar is located 84km west of Dublin on the M4 Dublin to Galway route. Mullingar is a wealthy town and has witnessed huge residential growth in recent years. The property benefits from excellent levels of pedestrian footfall as a result of its exceptional location.

Other notable retailers in Mullingar include; Tesco, Dunnes Stores, Lidl, Boots, Paco and Peter Mark.

Description

The subject unit comprises a ground floor unit extending to approximately 111 sq m (c. 1,200 sq ft).  The property is regular in shape and has dual frontage directly onto Pearse Street.  Its pivotal location in the town will make this a profitable location for retailers.

The unit has the benefit of a substantial shop-fit and as such is suitable for a variety of uses, subject to the required planning permissions.

Lease

The unit is held under a 25 year FRI lease from 9th January 2006 with 5 yearly rent reviews. There is a tenant’s break option in year fifteen, subject to 6 months prior written notice.

Accommodation

The approximate net internal floor areas are as follows:

The above areas are subject to a final joint measurement.

Rent

€90,000 per annum

Rates

We understand that the annual rates (2010) for the property will be €5,985.

Service Charge

TBC