For Sale €230,000 - Investment Property, Restaurant / Bar / Hotel
“Offered at bids over €230,000. This property is for sale in partnership with The Leinster property Auction”
Exciting investment opportunity offering No. 41 & 43 Connaught Street located on the west side of Athlone town adjacent to Athlone Castle, Sean’s Bar etc.
Substantial properties incorporate old world style fully licence Public House, fully equipped Hair Salon, both vacant at present due to pending sale, having previously been successfully leased.
There are five residential apartments overhead, four currently let and one vacant, pending sale. The total current yearly income for the apartments is €22,620. Anticipated rental income from both buildings is in the region of €45,000 per annum if fully let.
There is a large yard and storage to rear with access from Pipe Lane offering further development potential.
Note: Connaught Street have been allocated funding as a Tourism and Cultural Quarter as part of the Urban Regeneration Plan for Athlone.