John Earley, FIPAV of Property Partners Earley is this offering new to the market a number of primely located investment properties in Athlone Town. All of the properties are currently let on very attractive rental terms with the tenants in same not affected.
John commented: “Auburn Retail Park, Dublin Road, Athlone is primely located opposite Athlone Institute of Technology and comprises of three retail units which can be sold in one or more lots should market interest dictate. Tenants include a supermarket, an off-license and a takeaway. Current passing rent from all three tenancies is c. €90,300. Price guide: €650,000.”
The second property is a located at Custome Pier, Athlone, which is a restaurant property just over the town bridge and overlooking the River Shannon. The property is currently let to a restaurant for €15,000 per annum on a 15-year lease (tenant not affected). Price guide: all offers after €120,000.
The third portfolio of properties are four quality four-bedroom duplex-style student apartments located at Croi Oige, Dublin Road, Athlone, Co. Roscommon. They have a gross annual rental income of c. €8,800. Price guide: €90,000 each. They can be sold in one or more lots should market interest dictate.