Telco site in Athy fetches €604k at BidX1 auction

The building has four tenants which generate a succulent gross yield of almost 14 per cent

27th October, 2019
3
Block A, Smithfield Market in Dublin 7

A site in the town of Athy, Co Kildare was the top seller at BidX1’s auctions last week when it sold for €604,000, or 52 per cent over its €400,000 guide price.

Located to the rear of Bridge House Bar on William Street Upper, the property generates annual rent of €84,000 from four tenants in the telecoms business, including Three and Meteor. That equates to a succulent gross yield of 13.9 per cent.

The purchaser...

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