Champagnat House, Gleeson Street, Athlone, Co. Westmeath

Location

The property is located in a high-profile town centre location in Athlone, Co. Westmeath, positioned on Gleeson Street / Ballymahon Road at its intersection with Mardyke Street and St. Mary’s Square.

This central location lies directly adjacent to Athlone Town Shopping Centre and within close proximity to a wide range of amenities including retail, hospitality, educational and healthcare facilities. The property is situated opposite Sheraton Athlone Hotel and close to notable landmarks including St. Mary’s Church, adding to its high profile position and accessibility. Athlone benefits from excellent transport connectivity, with regular bus services and rail connections to Dublin, Galway and Westport.

The Property

The property comprises a substantial three storey end of terrace building, dating from 1970 and originally in use as a school and more recently as a residential property and as student accommodation.

Champagnat House, comprises a substantial 3 storey building with a total floor area of approximately 1,256 sq.m (13,520 sq.ft) together a conservatory / sunroom, out-buildings and ample car parking on a total site area of approximately 0.251 hectares (0.62 acres). The accommodation includes a range of reception rooms, offices, kitchen, dining facilities, storage areas and 15 no. bedrooms. The property retains many original features, however, requires refurbishment and modernisation to bring the property in line with modern standards.

Externally, the property benefits from rear access via St. Mary’s Square, with a car parking area providing circa 10 - 15 spaces and a garden area incorporating a sunroom / conservatory.

Development Potential / The Opportunity

This property presents a rare opportunity to acquire a substantial refurbishment and redevelopment opportunity in a prime town centre location. The property offers significant potential for conversion to a multi-unit residential scheme, student accommodation, or alternative uses such as offices, public house, hotel / leisure, restaurant subject to planning permission.

The property is on a site area of approximately 0.251 hectares (0.62 acres) offering additional development potential, subject to planning permission.

The property also offers immediate rental income potential for residential use.