REA

Lot 007 - Kilmacoo Student Village, Kilmacoo Avenue, Athlone, Westmeath, N37YN88

  • Unconditional Online Auction Sale
  • AMV : €1000000

For Sale by REA Online Auction concluding Tuesday 13th November 2018 at midday (12pm)

Location

The development is situated east of Athlone Town, just off the Dublin Road (R466) located off Kilmacoo Avenue and Willow View housing estate. The development is in close proximity to Athlone Institute of Technology, overlooking Willow Park Football Club.

Athlone is located on the border of Counties Westmeath and Roscommon and is considered a central and easy accessible location in the heart of Ireland.

Description

Opportunity to purchase a self contained student development at Kilmacoo Avenue, Athlone comprising 12 student apartments with a total of 59 bedrooms. As at Census 2016 Athlone Town and Environs had a population of 21,349 persons making it the largest town in the Midlands. Major employers include companies such as Alkermes and Erickson whilst Athlone is also the regional centre for a large number of state and semi-state organisations, The Department of Education, The State Examinations Commission, Revenue Commissioners, FÁS Midlands Region, Bus Éireann, Iarnród Éireann,IDA Ireland and Enterprise Ireland. Athlone Institute of Technology (AIT) is the regional third level college. Overall, this is a quality residential investment opportunity in an excellent location.
Current Rental Income €81,000
Estimated Rental Income €147,000

Accommodation

6 residential blocks over ground and 1st floor on a site of 0.82 acres.

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Sold for €1,000,000

This auction lot is now closed.

Auction Ended

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Viewing Times

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28/10/2018 12:00 28/10/2018 13:00

Vendor's Solicitor

Mary Mullarkey

0949625420

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