Golden Island, Athlone, Co. Westmeath - Bannon
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Golden Island, Athlone, Co. Westmeath
Summary
For Sale by Private Treaty
Town centre redevelopment site and investment opportunity
11 no. retail warehouse / light industrial units totalling approximately 4,944 sq.m (53,220 sq.ft)
Existing income of €112,639 per annum
Approximately 21.00 ha. (51.90 acres)
Frontage of 150 metres to Golden Island Road
Partially zoned Mixed Use
Golden Island, Athlone, Co. Westmeath
Details
Asset Overview
The overall site extends to approximately 21.00 ha. (51.90 acres). Existing buildings on the site include a modern
retail warehouse building which is 80% occupied and an older terrace of retail warehouses.
The modern retail warehouse accommodation represents a ready-made investment asset with asset
management potential.
The older terrace of retail warehousing sits on a site of approximately 2.68 ha. (6.61 acres) and is zoned “Mixed
Use”. This accommodation could be demolished to facilitate a mixed use retail, office and residential scheme of
development.
There are approximately 18.33 ha. (45.29 acres) of undeveloped lands to the rear, some of which could be used
to increase the density of a future scheme of development on the lands zoned “Mixed Use”.
Golden Island, Athlone, Co. Westmeath
Details
“Old Diskin Centre” – Redevelopment Opportunity
7 x no. retail warehouse / light industrial units
Currently occupied on short term leases
Producing short term income of approximately €56,480 per annum
Tenants include Kilroy Tyres, Lawlor Meats, Auto Brothers, Wildhunter and Joe Naughton Auctioneers
Significant road frontage to the Golden Island Road (150 metres)
“New Diskin Centre” - Investment Opportunity
Modern retail warehouse / light industrial units with office accommodation overhead
4 x no. units providing approximately 359 sq.m (20,634 sq.ft)
Over 30 surface car parking spaces
Currently 80% occupied – 1 unit vacant
Tenants include Advance Pitstop, Central Autoparts and The Floor Studio
Entire is producing a rent roll of €56,159 per annum
Asset management opportunities to enhance returns through letting the vacant units and re-gearing leases
Tenants not affected
Full tenancy information available on request
Golden Island, Athlone, Co. Westmeath
Athlone
Athlone
Athlone is the largest town in the midlands
Current population is 20,153 (Census 2011)
Further demographic details are available here
Large local employers include Alkermes (formerly Elan), Ericsson, Coviden
State agencies include Irish Army, IDA, Revenue Commissioners, ESB, CIE and An Post
Educational facilities include Athlone Institute of Technology (5,700 students)
Golden Island, Athlone, Co. Westmeath
Town Planning
Town Planning
Under the Athlone Town Development Plan 2014 – 2020, the Old Diskin Centre site extending to approximately
2.63 ha (6.50 acres) is zoned “Mixed Use”
The Mixed Use zoning aims to provide for, protect and strengthen the vitality and viability of town centres,
through consolidating development, encouraging a mix of uses and maximising the use of land, to ensure the
efficient use of infrastructure and services
Uses Permitted include Cinema, Shops – Local/Neighbourhood/Major, Health Centre, Hotel, Offices
Open for consideration include Crèche, Education, Retirement Home, Garden Centre, Petrol Station, Retail
Warehouse, Dwelling
Aside from a small section of lands zoned “Open Space”, the remaining 18.33.28 ha (45.29 acres) of the lands are
not zoned
Golden Island, Athlone, Co. Westmeath
Town Planning
zoning map
Further zoning details are available on Map 13 of the Development Plan Book of Maps here
The full text of the Athlone Town Council Development Plan 2014 – 2020 can be seen here
Planning Permission
The site had the benefit of a grant of planning permission from Athlone Town Council (Reference 04/3040) and
An Bord Pleanala (Reference PL.34.207457) for a retail scheme of approximately 11,588 sq.m (12,473 sq.ft) (GIA)
Link to planning app for Athlone Town Council
Link to ABP
Golden Island, Athlone, Co. Westmeath
Legal
Title Viewing
Freehold Strictly by prior appointment with Bannon
Maps Solicitors
Please click on the links to the Folio maps below: Imelda Reynolds
Folio 1 Beauchamps Solicitors
Folio 2 Riverside Two,
Folio 3 Sir John Rogerson’s Quay,
Dublin 2
Building Energy Rating
Tel: 01 4180600
BER Certificate numbers are available on requestGolden Island, Athlone, Co. Westmeath
Streetview
Cian McMorrow Leanne Kane
+353 (1) 6477900 +353 (1) 6477900
cmcmorrow@bannon.ie lkane@bannon.ie
PSR: 001830-002120 PSR: 001830-005587
These particulars are issued by Bannon on the understanding that
any negotiations relating to the property are conducted through
Alex Patterson them. While every care is taken in preparing them, Bannon, for
themselves and for the vendor/lessor whose agents they are, give
+353 (1) 6477900 notice that: (a) The particulars are set out as a general outline for
guiding potential purchasers/ tenants and do not constitute any
apatterson@bannon.ie part of an offer or contract. (b) Any representation including
descriptions, dimensions, references to condition, permissions or
licences for uses or occupation, access and any other details are
given in good faith and are believed to be correct, but any
intending purchaser or tenant should not rely on them as
PSR: 001830-002397
statements or representations of fact but must satisfy themselves
(at their own expense) as to their correctness. (c) Neither Bannon
nor any of its employees have any authority to make or give any
representations or warranty in relation to the property. All maps are produced by permission of the Ordnance Survey Ireland Licence
No. AU00470011 - Government of Ireland. PSRA Licence No. 001830You can also read
