For Sale by Public Tender
28th of November 2024
(Unless Previously Sold)

St John's House, Edmund Rice Square, Athy, Co. Kildare

Prime town-centre investment/Development opportunity

Unique opportunity to purchase a spacious period property currently divided into nine apartments and a development site with full planning permission for 3 townhouses and two apartments.

For sale with vacant possession
Site area c. 0.1225 ha (0.30 acres)

The proposed new development is for the construction of 3 townhouses and 2 apartments within 2 new separate blocks. (Planning Reference KE 20/70)

Block A when complete will comprise of 3no. 2-bedrooms, two storey townhouses each measuring approx. 70 sq mtrs.

Block B when complete will comprise of 2no. 1-bedroom apartments divided over 2 floors each measuring approx.
52 sq mtrs.

Planning has also been granted for 6 extra car parking spaces.

Previous planning permission was granted on this site in 2005 for 11 retail units and 18 apartments (Planning Reference 05-300018). This shows the real potential of this site.

Also included is a detached three bay, three storey Mid-Georgian house. This house was granted planning permission in 1995 to redevelop into nine apartments (Planning Reference TP/38/95)

This conversion to self-contained apartments was completed shortly thereafter.

Apartments comprise of:
8no. 1-Bedroom apartments
1no. 2-Bedroom apartments

The main entrance from St. Johns Lane comprises of timber gates with cast iron grills hanging on stone pillars. There are two further gates giving access on the western side of the property.

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.

Requiring some modernisation, this property offers huge potential to retain as apartments or to convert back to a luxury house with many fine unique features in a prominent location

As well, as offering huge potential this site benefits from its excellent location. There are a variety of amenities in the immediate area including supermarkets, restaurants, retail shops, bars and banks.

Parking in the immediate area is also excellent.

This property is zoned 'Town-Centre' under the Athy Local Area development plan 2021-2027 (Map Identification purposes only)

Further details available upon request from Connaughton Auctioneers.