REA Hynes are delighted to present to the market this rare and exciting multi-unit property, offering outstanding potential in a sought-after Athlone location.
The property is arranged to provide excellent flexibility of use. On the ground floor, there are two self-contained one-bedroom apartments, each with its own independent entrance, providing privacy and convenience for future occupants. Overhead, the first floor is laid out as a spacious three-bedroom apartment, well-proportioned and offering plenty of natural light.
To the rear of the site lies a substantial outbuilding extending to c. 221 sq.m., which opens up a wealth of possibilities. Whether considered for storage, workshop use, or potential redevelopment (subject to planning), this additional space significantly enhances the overall offering.
The property does require comprehensive refurbishment, but with that comes an exceptional opportunity to reimagine and add real value. Importantly, the units have been vacant for more than two years and should therefore qualify for the Vacant Property Refurbishment Grant and/or Derelict Property Grant. This financial support makes the project especially attractive to investors, developers, or those seeking to create a unique multi-unit home.
Accommodation details (approx.):
* Apartment 1: 40 sq.m.
* Apartment 2: 28 sq.m.
* Apartment 3: 65 sq.m.
* Outbuilding: 221 sq.m.
Location
St. Ann’s Terrace is a highly regarded, central location that continues to grow in demand. Residents here benefit from easy walking distance to Athlone town centre, as well as nearby schools, shops, cafés, restaurants, the train and bus station, and a wide range of local amenities. This connectivity makes it equally appealing to those considering rental demand or long-term occupation.
Investment & Opportunity
Athlone’s rental market remains strong, driven by its central position, thriving employment base, and excellent transport links. Properties like this — with multiple units and additional development potential — rarely come to market and offer the perfect platform for refurbishment, reconfiguration, or repurposing to suit a wide variety of needs. Whether you are an investor seeking a strong rental return, or a developer looking to create something special, this property has all the ingredients to deliver.
With a prime location, spacious accommodation, and the scope to unlock substantial value, this is truly an opportunity not to be missed.
???? Contact REA Hynes today to arrange a private viewing
Phone: 090 6473838
Email: [info@hynes.ie](mailto:info@hynes.ie)

*Disclaimer: Details provided by REA Hynes are for guidance only and do not form part of any contract. Interested parties should satisfy themselves as to accuracy.

Eircode: N37 HP52

Accommodation

Outside

The property enjoys generous outside space with ample off-street parking to the front and side, offering convenience for residents and visitors alike. To the rear lies a large detached outbuilding, a versatile structure with endless potential for a variety of uses such as a workshop, home office, studio, or additional storage. The grounds provide excellent scope for landscaping or further development, subject to the necessary planning

Services

Mains water
Mains drainage

• * Detached building comprising 2 x 1-bed apartments and 1 x 3-bed apartment along with outbuilding comprising 'c' 221 sq.m.
• * Vacant for over 2 years – eligible for Derelict/Vacant Property Refurbishment Grant (subject to T and Cs)
• * In need of renovation with excellent scope to add value
• * Large detached outbuilding to the rear, suitable for a range of uses (workshop, home office, storage, studio)
• * Ample off-street parking to the front and side
• * Central and sought-after location at St. Ann’s Terrace, Athlone
• * Walking distance to Athlone town centre, train & bus station, schools, shops and amenities
• * Strong opportunity for investors seeking a multi-unit rental property in Athlone
• * Attractive project for those wishing to avail of the **Derelict Grant/Vacant Property Grant** and create modernised units
• * Potential to reconfigure or enhance accommodation subject to planning
• * Excellent rental demand and capital appreciation prospects in this location
• * Rare opportunity to acquire a detached property with additional outbuilding so close to the town centre