Thursday, June 13, 2024

Mullingar town centre property offers excellent opportunity for investors

40 Mount Street, Mullingar
Five bedroom, two bathroom townhouse
Asking Price €349,000

James L. Murtagh Auctioneers are delighted to present this excellent town centre property at 40 Mount Street, Mullingar to the market. The presents a unique opportunity for investors or prospective owner occupiers to acquire this strategically located property in the heart of Mullingar town centre within immediate proximity to both social, essential, hospitality, leisure, and educational services.

This landmark property occupies over 1750 sq. ft of accommodation spanning over three floors with accommodation briefly comprising of five bedrooms, kitchen, sitting room, office, sunroom, and two bathrooms.

Although the property is in need of renovation and refurbishment, there is no doubt that it offers the prospective owners or investor an excellent opportunity for a town centre family home, or a range of alternative uses due to its zoning.

The property is zoned “Town Centre Mixed – Use” as per the current Mullingar Local Area plan and the Westmeath County Development Plan 2021 – 2027. The main objective of this zoning is to provide for, protect and strengthen the vitality and viability of town centres, through consolidation development, encouraging a mix of uses and maximising the use of land.”

As per the Westmeath County Development Plan, This ‘Mixed Use’ zoning reflects the mixture of uses which have always co-existed in town/village centres and which offers the variety required to make them attractive and important places for community interaction. The zoning provides for a range of uses to sustain and enhance the vitality and viability of town centres, making provision where appropriate, for primary and secondary uses e.g. commercial/retail/service development as the primary use with residential development as a secondary use. Secondary uses will be considered by the local authority having regard to the particular character of the area and its role in the Settlement Hierarchy. Parts of the building are listed under the record of protected structures under the Westmeath County Development plan.

Located on Mount Street, this property is situated on the main thoroughfare with all town centre amenities on your doorstep and as such, this property would lend itself perfectly as a family home within easy access of Mullingar Town Park playground, educational facilities, and Mullingar Library adjacent to the property. Further, this would be an ideal investment opportunity to substantially renovate into apartments which would expect a high rental return or a boutique hotel or hostel. The possibilities of renovation of this property are endless and as such offers a unique opportunity for the discerning purchaser.

Contact James L. Murtagh Auctioneers on 044 934 0088 to book your viewing slot right away. For further details and pictures, click here.

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