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Clancy Court, Mary Street


Type
Multi Units

Status
Sale Agreed

BER
BER
C3-D2

Description

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.

ASKING PRICE: €750,000

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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.

ASKING PRICE: €750,000

Accommodation (Net Internal Area)
Offices
Front Lobby 1.3m x 3.5m (4'3" x 11'6"):

Reception Room 6.7m x 2.8m (22' x 9'2"):
Laminate floor, waiting area, radiators.

Fireproof safe 3m x 1.5m (9'10" x 4'11"):

Hallway 1.1m x 6m (3'7" x 19'8"):

Office One 3.4m x 2.3m (11'2" x 7'7"):

Board Room 3.2m x 4.3m (10'6" x 14'1"):

Office Two 3m x 2m (9'10" x 6'7"):

Stairwell 3m x 2.2m (9'10" x 7'3"):

Landing 1m x 5.5m (3'3" x 18'1"):

1st Floor Office 3m x 4.2m (9'10" x 13'9"):

Front Office 3.9m x 4.6m (12'10" x 15'1"):

Open Plan Office 6m x 5.8m (19'8" x 19'): 6 work stations

Office 2.1m x 2.9m (6'11" x 9'6"):

Apartment One
Currently used for file storage by office tenant

Filing Room 3.5m x 3.5m (11'6" x 11'6"):

Hallway 5m x 1m (16'5" x 3'3"):

WC 1.6m x 2m (5'3" x 6'7"):

Filing Room 2.9m x 6.5m (9'6" x 21'4"):

Apartment Two/Office

Hallway 5m x 1m (16'5" x 3'3"):

WC 1.9m x 1.7m (6'3" x 5'7"):

Office 3.5m x 3.5m (11'6" x 11'6"):

Office 2.9m x 6.6m (9'6" x 21'8"):

Stair Well & Floor 1.8m x 2.2m (5'11" x 7'3"):

Two Offices 8m x 4.4m (26'3" x 14'5"):

Apartment Three/Offices

Hallway 5m x 1m (16'5" x 3'3"):

Kitchen 3m x 2.2m (9'10" x 7'3"):

Filing 4.1m x 3m (13'5" x 9'10"):

Bathroom 1.9m x 1.6m (6'3" x 5'3"):

Office 2.7m x 4.2m (8'10" x 13'9"):

Apartment Four – Private Letting

Kitchen/Living Area 7.1m x 3.2m (23'4" x 10'6"):

Hallway 5m x 1m (16'5" x 3'3"):

WC 1.85m x 1.7m (6'1" x 5'7"):

Bedroom 3.8m x 2.5m (12'6" x 8'2"):

Apartment Five – Private Letting

Kitchen/Living Area 6.6m x 3.2m (21'8" x 10'6"):

Hallway 5m x 1m (16'5" x 3'3"):

WC 1.9m x 1.6m (6'3" x 5'3"):

Bedroom 3.4m x 3.4m (11'2" x 11'2"):

Retail Shop 50sqm / 538sqft:

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