Thursday June 4, 2020

Athlone business park block with ‘excellent’ tenant sold for €3.1m

GVA Donal O'Buachalla has sold Block 2, IDA Business & Technology Park in Athlone, Co Westmeath to property fund Yew Tree Commercial for in excess of €3.1 million representing a net initial yield of approximately 11.9 per cent.

25th January, 2015
Block 2, IDA Business & Technology Park in Athlone, Co Westmeath

The six-year-old, purpose-built property extends to 4,354.5 square metres incorporating a warehouse fronted by two storey offices/white rooms and associated truck marshalling facilities, 84 car parking spaces and landscaped areas at the entrance to the property, all on a site of about 2.6 acres.

The entire property is let on a 25 year FRI lease from September 18, 2009 and currently produces a rent of €386,689 per annum. The tenant is a global medical technology company.

Lisa McInerney of GVA...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago