Restaurant / Retail Opportunity, Mullingar
Renovated 1860’s Building For Sale or To Let
Dublin, 15 June 2018 – Property agents CBRE & Power Property expect strong interest for a turn-key restaurant / retail opportunity situated in the centre of Mullingar town.
Trading as Miller & Cook, 50 Pearse Street, Mullingar is located in the heart of the town centre and opposite Market Square House, the tourist information centre for County Westmeath. The offices of Westmeath County Council are also close by, while the refurbishment of Mullingar Court House and extension to incorporate the Circuit Criminal Court on Mount Street is due to be completed imminently. Other nearby attractions include the Greville Arms Hotel and Cusack Park.
The property dates from the 1860’s and comprises a three storey premises to the front with a two storey section in the middle and single storey to the rear. The total floor area of the prem
ises is approximately 895 sq.m comprising of a ground floor area of 519 sq.m. Twenty-three dedicated car parking spaces are situated to the rear of the property, with secure barrier controlled access for customers.
The property has been fully re-modelled to the highest standards as a foodhall, bakery, café and restaurant at ground floor level, with a separately accessed restaurant at first floor level. The second floor is in use as offices, staff accommodation and toilets. The upper floors have the benefit of a dedicated lift.
The property is being offered For Sale with full vacant possession or To Let by way of a new long-term lease. The current owners will be retiring from the existing business, Miller & Cook. The joints agents are seeking offers in excess of €1.5 million for the freehold interest or €95,000 per annum for the ground floor. The upper floors are available to let separately at €35,000 per annum.
The building has full planning permission for restaurant use and would suit a variety of businesses. The property has excellent potential for owner-occupiers, investors or parties wishing to lease
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largestcommercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 135 employees, we work with occupiers, investors and developers of office, industrial and logistic, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie