Landmark premises on the market in vibrant area of Athlone
Mark Nestor Property Services is welcoming to the market what it described as a prime investment opportunity in the highly sought-after Left Bank area of Athlone.
Positioned on the banks of the river Shannon and adjacent to Athlone Castle Visitor Centre, this landmark establishment is a focal point for locals and tourists alike.
This established Castle Inn bar, with overhead apartments, offers the perfect blend of business and residential potential.
Located in a vibrant area surrounded by rich history, thriving tourism, and local activity, this property is an incredible opportunity for investors, entrepreneurs, or landlords.
Highlights of this property include a spacious and fully equipped bar area with a cosy, welcoming atmosphere; beer garden; ladies and gents toilets; prime location with excellent foot traffic and a loyal customer base; strong potential for continued success as a hospitality venue; Cold Room storage; and brand new party area.
Over the bar is a former "living over the shop" premises containing 3/4 bed, a kitchen and a living room. Furthermore, there are 2 x 2 bed self-contained apartments with own door access adjacent.
Also, this opportunity offers an investor a unique chance to acquire two derelict bedsits that would be eligible for a derelict/vacant property grant.
There is excellent rental demand in the area due to its central location and local amenities.
Note: Bar is leased until 2026. The two two-bedroom apartments returning strong market rent.