Athy apartment development to be sold at auction

An Athy property with nine apartments is set for auction later this month.

St John’s House, Edmund Rice Square, Athy is being sold by auction on 28 November if not previously sold.

Connaughton Auctioneers say this is a prime town-centre investment/development opportunity.

The spacious period property is currently divided into nine apartments and a development site with full planning permission for three townhouses and two apartments.

Previous planning permission was granted on this site in 2005 for 11 retail units and 18 apartments.

The current apartments comprise of eight one-bedroom apartments, one two-bedroom apartments.

This property was fully occupied until October 2024 and at the time was achieving a yearly income of €71,000 p.a. As the rent hasn't been increased in recent years, the true rental potential is closer to €75,000 p.a. Price on application. BER G, More information here.