New to the Market: Rare Multi-Unit Property for Sale in Athlone

REA Hynes are delighted to bring to the market a rare and exciting multi-unit property, offering exceptional potential in one of Athlone’s most sought-after locations.

This unique Athlone property for sale presents a combination of investment opportunity, redevelopment potential, and strong rental demand – making it a must-see for investors, developers, and those seeking to create a bespoke multi-unit residence.

Property Overview

The property is arranged to provide excellent flexibility of use:

Ground Floor – Two self-contained one-bedroom apartments, each with its own independent entrance, ensuring privacy and convenience for future occupants.

First Floor – A spacious three-bedroom apartment, well-proportioned and filled with natural light.

Rear Outbuilding – Extending to c. 221 sq.m., this substantial structure offers huge potential for storage, workshop use, or possible redevelopment (subject to planning permission).

While the property does require comprehensive refurbishment, this opens the door to significant value-add opportunities. Importantly, the units have been vacant for more than two years, meaning they should qualify for the Vacant Property Refurbishment Grant and/or the Derelict Property Grant – financial supports that enhance the project’s attractiveness.

Accommodation (Approximate Measurements)

Apartment 1: 40 sq.m.

Apartment 2: 28 sq.m.

Apartment 3: 65 sq.m.

Outbuilding: 221 sq.m.

Prime Athlone Location – St. Ann’s Terrace

Situated at St. Ann’s Terrace, this multi-unit property enjoys a central Athlone location that continues to grow in demand.

Residents benefit from easy walking distance to:

Athlone town centre

Schools, shops, cafés, and restaurants

Train and bus station

A wide range of local amenities

This excellent connectivity makes the property attractive both for rental investment and long-term living.

Investment & Development Potential

Athlone’s rental market remains exceptionally strong, supported by its thriving employment base, central position within Ireland, and excellent transport links.

Multi-unit properties like this, with both existing apartments and additional outbuilding potential, rarely come to market. This asset represents an ideal opportunity to:

Generate strong rental yields

Reconfigure into modern multi-unit accommodation

Redevelop to create a unique home or mixed-use investment

With its prime location, generous accommodation, and scope for improvement, this is truly a property investment opportunity in Athlone not to be missed.

Arrange a Viewing

Don’t miss out on this rare chance to secure a property with enormous potential in Athlone.

📞 Contact REA Hynes today to arrange your private viewing.
Phone: 090 6473838
Email: info@hynes.ie