Food and beverage has become a key performer in the retail property market.
Meanwhile, a new phenomenon in the food and beverage market has been the food hall, which combines restaurant, retail delicatessen and takeaway.
One such opportunity is Miller & Cook, 50 Pearse Street, in the centre of Mullingar town, which is available for sale or to let. Joint agents CBRE and Power Property are seeking offers in excess of €1.5m for the Co Westmeath 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 property may also have development potential as the rear of the property can accommodate 23 dedicated car parking spaces. Furthermore the rear of the building is a single storey.
It 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 current owners will retire.
Comprising a three storey premises to the front with a two storey section in the middle and single storey to the rear, its total floor area extends to approximately 895 sq m, including a ground floor area of 519 sq. m. The front of the property faces Market Square House, the tourist information centre for Co Westmeath.
The offices of Westmeath County Council are also close by, while the refurbishment of Mullingar Court House 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.
Shane Cahir, director, CBRE Dublin says "the building has full planning permission for restaurant use and would suit a variety of businesses".
