Investment opportunity

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Lower Bridge Street, Mullaghstones, Athboy, County Meath, Ireland

Size: 3907 m2

3, 4 & 5 Lower Bridge Street comprises of three large mixed use commercial buildings in the heart of Athboy town. The properties are within walking distance of all town amenities and public transport. Both properties have access to a large yard of approximately 0.3 acres at the rear that offers long term development opportunity.

3 Lower Bridge Street comprises of a ground floor commercial unit occupied by Bill Foley Motors and a three bedroom new-home with its own door access from ground level. The property is located in the centre of Athboy town and within walking distance to all town amenities and public transport. The ground floor commercial unit extends to 81 sqm and comprises of a retail trade counter, workspace, storage room and two bathrooms. The three bedroom new-home is located on the first floor and benefits from its own front door access. The new-home comprises of a kitchen, living room, bathroom, two double bedrooms and a single bedroom. The property would be regarded as an investment opportunity producing a combined rent of €18,000 per annum.

4 Lower Bridge Street comprises of a ground floor commercial unit extending to 43 sq m and a one bedroom new-home with its own door access from ground level. The new-home is in good condition and is currently producing a rent of €9,600 per annum.

5 Lower Bridge Street comprises of a ground floor commercial unit extending to 64 sq m and a three bedroom new-home with its own door access from ground level. The new-home has the benefit of a large external balcony and we understand it is producing a rent of €10,000 per annum.

The properties have significant asset management potential with possible conversion to residential and further residential development that could deliver significant income returns for an owner.

The properties are being offered for sale by private treaty guiding €400,000.

For the avoidance of doubt all tenants are unaffected.