Agents CBRE have announced that they are launching a mixed use commercial investment located on Lyster Street, Athlone to the open market.
The property comprises a detached two storey office and workshop facility with car parking to the front elevation extending to a total area of 1,450 sq m. The property has been occupied by the Athlone Community Training Centre for over 20 years which uses the facility for training and further education services.
The property is let on a five year lease from January 2012 at a current rent of €35,000 per annum. The property is located and accessed off Lyster Street close to Athlone town centre.
The lease contains annual tenant break options.
The agents are guiding a price of €300,000 which would provide an investor with an initial yield of 11 per cent.
For further information contact CBRE on (01 ) 618500.