Shopping Centre Investment Opportunity (Tenants Not Affected)

Fairgreen Shopping Centre was constructed in 2005 and comprises a single storey shopping centre of approximately 5,461 sq. m. (58,781 sq.ft.) (excluding Penneys which is held under long leasehold interest). The centre has a simple, linear layout comprising eight units, two anchor units and six additional retail units fronting the central mall. Five of the units, including both anchor units, have mezzanines. The centre has the benefit of 300 underground parking spaces, which can be accessed from a central point in the main mall.
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Location Description

The subject property is located in Mullingar, the capital town of County Westmeath and its administrative headquarters. Mullingar is located centrally within Ireland’s midlands approximately 80km from Dublin city centre and approximately 140km from Galway city centre. The town is situated on the M4/ N4 corridor, one of Ireland’s main arterial routes servicing Dublin to Sligo. Mullingar Town is accessed via junctions 15, 16 and 17.

Sizes and Measurements

Total Size

10,583sqm

Sales Area

5,461sqm

Lease Information & Charges

For sale

Price On Application

Usage Type

Investment

Sub Type

Shopping Centre

Specification/Key Benefits

  • 5,461 sq. m. (58,781 sq. ft.) Net Internal Area (excluding long leasehold interests)
  • Two Anchor Stores - Penneys & TK Maxx
  • Prominent location in the centre of Mullingar Town
  • 300 car spaces underground
  • €685,018 per annum of Net Operating Income (to include car park income)
  • Asset management opportunities

Photos

External
External
Costa Coffee
TK Maxx

Map Data
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Map DataMap data ©2019 Google
Map data ©2019 Google
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