Golden Island, Athlone, Co. Westmeath

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1 Summary For Sale by Private Treaty Town centre redevelopment site and investment opportunity 11 no. retail warehouse / light industrial units totalling approximately 4,944 sq.m (53,220 sq.ft) Existing income of 112,639 per annum Approximately ha. (51.90 acres) Frontage of 150 metres to Golden Island Road Partially zoned Mixed Use

2 Details Asset Overview The overall site extends to approximately ha. (51.90 acres). Existing buildings on the site include a modern retail warehouse building which is 80% occupied and an older terrace of retail warehouses. The modern retail warehouse accommodation represents a ready-made investment asset with asset management potential. The older terrace of retail warehousing sits on a site of approximately 2.68 ha. (6.61 acres) and is zoned Mixed Use. This accommodation could be demolished to facilitate a mixed use retail, office and residential scheme of development. There are approximately ha. (45.29 acres) of undeveloped lands to the rear, some of which could be used to increase the density of a future scheme of development on the lands zoned Mixed Use.

3 Details Old Diskin Centre Redevelopment Opportunity 7 x no. retail warehouse / light industrial units Currently occupied on short term leases Producing short term income of approximately 56,480 per annum Tenants include Kilroy Tyres, Lawlor Meats, Auto Brothers, Wildhunter and Joe Naughton Auctioneers Significant road frontage to the Golden Island Road (150 metres) New Diskin Centre - Investment Opportunity Modern retail warehouse / light industrial units with office accommodation overhead 4 x no. units providing approximately 359 sq.m (20,634 sq.ft) Over 30 surface car parking spaces Currently 80% occupied 1 unit vacant Tenants include Advance Pitstop, Central Autoparts and The Floor Studio Entire is producing a rent roll of 56,159 per annum Asset management opportunities to enhance returns through letting the vacant units and re-gearing leases Tenants not affected Full tenancy information available on request

4 Athlone Athlone Athlone is the largest town in the midlands Current population is 20,153 (Census 2011) Further demographic details are available here Large local employers include Alkermes (formerly Elan), Ericsson, Coviden State agencies include Irish Army, IDA, Revenue Commissioners, ESB, CIE and An Post Educational facilities include Athlone Institute of Technology (5,700 students)

5 Town Planning Town Planning Under the Athlone Town Development Plan , the Old Diskin Centre site extending to approximately 2.63 ha (6.50 acres) is zoned Mixed Use The Mixed Use zoning aims to provide for, protect and strengthen the vitality and viability of town centres, through consolidating development, encouraging a mix of uses and maximising the use of land, to ensure the efficient use of infrastructure and services Uses Permitted include Cinema, Shops Local/Neighbourhood/Major, Health Centre, Hotel, Offices Open for consideration include Crèche, Education, Retirement Home, Garden Centre, Petrol Station, Retail Warehouse, Dwelling Aside from a small section of lands zoned Open Space, the remaining ha (45.29 acres) of the lands are not zoned

6 Town Planning zoning map Further zoning details are available on Map 13 of the Development Plan Book of Maps here The full text of the Athlone Town Council Development Plan can be seen here Planning Permission The site had the benefit of a grant of planning permission from Athlone Town Council (Reference 04/3040) and An Bord Pleanala (Reference PL ) for a retail scheme of approximately 11,588 sq.m (12,473 sq.ft) (GIA) Link to planning app for Athlone Town Council Link to ABP

7 Legal Title Freehold Maps Please click on the links to the Folio maps below: Folio 1 Folio 2 Folio 3 Building Energy Rating Viewing Strictly by prior appointment with Bannon Solicitors Imelda Reynolds Beauchamps Solicitors Riverside Two, Sir John Rogerson s Quay, Dublin 2 Tel: BER Certificate numbers are available on request

8 Streetview Cian McMorrow +353 (1) Leanne Kane +353 (1) PSR: PSR: These particulars are issued by Bannon on the understanding that any negotiations relating to the property are conducted through Alex Patterson them. While every care is taken in preparing them, Bannon, for themselves and for the vendor/lessor whose agents they are, give +353 (1) notice that: (a) The particulars are set out as a general outline for guiding potential purchasers/ tenants and do not constitute any apatterson@bannon.ie part of an offer or contract. (b) Any representation including descriptions, dimensions, references to condition, permissions or licences for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as PSR: statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (c) Neither Bannon nor any of its employees have any authority to make or give any representations or warranty in relation to the property. All maps are produced by permission of the Ordnance Survey Ireland Licence No. AU Government of Ireland. PSRA Licence No