Sunday 20 October 2019

Spicer Bakery serves up three units to the market

Three commercial properties in Co Meath, which are part of the Spicer Bakery portfolio, have been brought to the market with prices ranging between €325,000 and €450,000.

Near the town of Navan, Spicer's former bakery at Athlumney – which is situated on a 1.1-acre site with good road frontage – has a €450,000 guide price. It comes with a series of interconnecting industrial/storage buildings and is zoned for mixed use and has already attracted the interest of developers.

In Navan shopping centre a retail investment unit is let to McCloskey's Bakery, currently contracted at €40,000 a year.

It is available to purchase with an asking price of €325,000. McCloskey's have been in the unit for three years. The tenant is not affected by the sale.

The unit is well positioned within the successful shopping centre.

In the heart of Trim, the former Spicer's Bakery on Market Street, is a three-storey commercial premises on a 0.66-acre site with a €450,000 asking price.

As well as fronting the main street, the site – which is zoned for mixed uses – also backs on to the river and has frontage on to the by-pass, which leads to Trim's new bridge.

Spicer's had a mill in Navan since 1834 and opened their first bakery in 1880. They were most famous for their round white loaf.

A fourth property in the portfolio on Market Square, Navan, was recently sold through joint agents Lisney and T&J Gavigan for a price in the region of €170,000.

It comprised a 55sqm ground-floor shop, with office and further storage to the rear. It had been part of the Spicer's portfolio and was sold as a vacant premises.

The latest three properties are being sold on the instructions of George Maloney & Paddy O'Connell, joint receivers of John Spicer and Company Limited, through estate agents Lisney in conjunction with Michael Gavigan of T&J Gavigan and John Harrington of Smith Harrington Auctioneers in Navan.

Irish Independent

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