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Oates Auctioneers in partnership with The Leinster Property Auction.
Offered at bids over €275,000
We are delighted to welcome to the market this large mixed-use unit in the heart of Athlone town centre, with a total floor area of approx. 585 sq.m. and spanning over 3.5 floors.
The property offers two retail units measuring c. 120 sq.m. at Ground Floor (Church Street) level, a large restaurant, kitchen and storage area at Friary Lane level, plus extensive living accommodation on the 2nd and 3rd floors.
The property offers excellent potential for the development of substantial retail space at both the Church Street and Friary Lane levels. There is access at both levels, five entrance points in total, one of which has a large gateway leading to the lower ground floor.
At a recent meeting with the Westmeath Co. Council the possibility of developing this property was discussed and viewed favourably. The Council also indicated that they would be willing to discuss any further development plans with potential purchasers.
Church St is located in the heart of Athlone town centre. Athlone is considered to be the commercial capital of the midlands. It has a population of c. 21,349 (2016 census) and growing (5.9% increase from 2011). Most of the town lies on the east bank of the river, and the subject property, 37 Church St., is in the middle of the main street, right in the heart of the town. Athlone is a key component of the linked gateway for the Midlands, designated under the National Spatial Strategy. A major enhancement of Church St completed in 2019 resulted in a new plaza with seating areas next to an historic church, and the subject property is at the hub of this development. It is also directly opposite the Athlone Town Centre (the tenants including M&S, H&M, Zara, TK Maxx and many more) and has the River Shannon Strand St to the rear.
Tenure: Freehold Vacant Possession
BER Details: BER C3 / BER No. 800265183
TO VIEW OR MAKE A BID - Contact Oates Auctioneers on 090 6477500 or visit www.leinsterpropertyauction.ie Auctioneers Comments:
This property is offered for sale by unconditional auction. The successful bidder is required to pay a 10% deposit and contracts are signed immediately on acceptance of a bid. The buyer will be granted 28 days from the date of exchange to complete the purchase. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.
BER No.: 800265183
Energy Performance Indicator: 800265.0 kWh/m²/yr
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