37 Church Street, Athlone

5 Bedroom Residential DevelopmentContract Deposit Applies
This auction has ended!
   
Final Bid:
€297,500.00
  • Overview
  • Particulars
  • Agent Details
  • Deposit & Charges Explained

Property Overview

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.

Location:
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

Starting Bid and Reserve Price

*Please note all properties are subject to a starting bids price and an undisclosed reserve. Both the starting bid and reserve price may be subject to change. Terms and conditions apply to the auction, which is powered by IAM Sold Property Auctions.

VAT is applicable on the purchase price for this property.

Auctioneer's 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. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to this sale.

Building Energy Rating (BERs)

Building Energy Ratings (BERs) give information on how to make your property more energy efficient and reduce your energy costs. All properties bought, sold or rented require an BER. BERs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your property could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All properties are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.

Oates Auctioneers

Local Branch: The Manse, Athlone, WESTMEATH
Head Office: The Manse, Northgate St, Westmeath, N37Y F57

Deposit & Charges Explained

37 Church Street, Athlone, N37E3P2

Online Auctions

A non-refundable contract deposit of 10% (minimum deposit of €6,500.00) is required to be paid by the successful bidder for this property.

A Bidder Security Deposit of €4,500.00 is required to be pre-authorised from the bidders debit or credit card through the payment facilities on the auction website when registering to bid. A bidder has also the option of transferring the minimum deposit amount by bank transfer to iamsold's client account to authorise them to bid on the Online Auction (please note, this option may take several days).

The pre-authorisation amount will only be captured from the successful bidder on acceptance of their bid. This will form part of the non-refundable part payment contract deposit.

Any balance of the full contract deposit must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid. The deposit balance can be paid by debit/credit card, or same day bank transfer to iamsold's client account.

All unsuccessful bidders will have their pre-authorisations released OR their bank transfer refunded within 5 working days of conclusion of an auction or withdrawal of the Lot from the Online Auction.

Bidders are required to pay a non-refundable €50.00 (including 23% VAT) registration fee per property they register to bid on.

 

Need More Information?

For further information or to speak to one of our team, please call 01 687 5040.

Disclaimer

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.

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