Description***Tenants not affected
• Industrial lands extending to 2.43 hectares (6 acres)
• Situated within an established commercial location in Westmeath, benefitting from ease of access to the N4
The property is located east of Mullingar, Co. Westmeath on the northern side of the N4 (main Dublin – Sligo road) directly opposite Junction 14. It is situated approx. 10.5 kms (6.4 miles) east of Mullingar town centre and approx. 11.5 kms (7.0 miles) northwest of the M4/M6 Interchange at Kinnegad. Access to the property from the N4 is via Junction 14 whilst alternative access is via the R156. The property boasts extensive profile onto the N4 and given its proximity to the interchange, it allows traffic travelling in both directions convenient access.
The subject property comprises a collection of buildings varying in age and condition extending to a gross external floor area of approx. 6,568.11 sq. m (70,698 sq. ft.). We understand that the entire is encompassed on a site extending to approx. 2.43 hectares (6 acres). We understand that a number of the units are occupied, producing a gross rent of approx. €84,600 per annum.
Building 1 which extends to approx. 16,000 sq. ft. is located in the southern end of the site and comprises a modern, two storey warehouse building currently being used as a retail shop. Drummonds (Feed, Seeds & Grain Merchants) currently part occupy this building at ground floor level with the rest of the unit currently vacant. The building benefits from having a significant surfaced forecourt to the front elevation which also lends itself to being used for additional car parking spaces. We understand that Drummonds occupy part of Building 1 along with buildings 2, 3B, 3C, 4 , 5, 6 & 7 by way of a 10-year lease from January 2017 at a passing rent of €75,000 per annum. There are a number of additional industrial/agricultural buildings located throughout the site as well as a fuel depot with adjoining pumps and tanks. The site comprises a number of significant hardstanding areas as well as having a weighbridge installed. We are also advised that Wood 2 Go occupy building 3A by way of a 10-year lease from November 2014 at a passing rent of €9,600 per annum. The area being sold comprises of Folio WH15792F. We understand the entire is encompassed on a site extending to approx. 2.43 hectares (6 acres).