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FOR SALE Mutli-Unit Investment Athlone

An industrial investment in Athlone has been put on the market by O’Neill & Co. The overall property comprises a large industrial/warehouse development situated on a site area of 1.34 acres. The property was developed in the early 2000`s that comprises a number of individual warehouses with office accommodation situated to the front of the development.

The area surrounding the development has attracted significant multinational investment with a number pharmaceutical companies operating facilities there including Alkermes Pharma who employ 400 people at their plant. Occupiers in the immediate vicinity of the property include Tile Warehouse, Pat McDonnell Paints and CT Electric.

The property has generous designated customer and staff car parking to the front and side of the building. The property is also fitted with intruder and fire alarm systems in addition to CCTV. The office is completed to a high level of specification to include CAT 5 cabling, perimeter trunking, suspended ceilings, floor covering, air conditioning and heating system, comms, toilets and canteen facilities.

The tenants include:

Involve, who is the main provider of Youth work Services for young Travellers throughout the country. The organisation currently employs 31 people.

UPC has become Virgin Media in Ireland. Virgin Media and UPC are both owned by Liberty Global PLC, which is the world`s largest international cable company.

Jump for Joy was established in 2004 and is the largest play centre dedicated to 12 year olds and in the entire midlands region.

Unit 1: Leased to Involve for a term of 1 year at a rent of current rent of €18,000 per annum exclusive. The tenant has been in occupation since 2004.
Unit 2: Leased to Independent Wireless Cable Ltd for a term of 21 years from 13 April 2001 at a current passing rent of €21,000 per annum exclusive
Unit 5, 6, 7: Leased to Jump for Joy Playcentre on 4 year 9 months lease from 2008 at a current passing rent of €24,000 per annum exclusive.
Unit 8: Vacant


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