Final and best bids sought for high profile development
Bun na Leaca townhouses.
O’Donnellan & Joyce is offering for sale one of Galway’s most high profile residential developments at Bun na Leaca, Newcastle. Final and best bids are being requested no later than 3pm on Friday October 26.
All final and best bids must be submitted through the offices of solicitor Barry Gavin, WB Gavin & Co, The Crescent, Galway.
Bun na Leaca, comprising 14 townhouses, is located on the main Newcastle Road, directly adjacent to the gates of NUIG. Bun na Leaca is a newly constructed development containing 10 three/four bedroom townhouses over three levels, and four three bedroom gate lodges. It has a distinctive Georgian façade and is located on an enclosed private site with a secure gated access.
Bun na Leaca is built to an extremely high standard with a modern finish throughout. These homes are constructed by one of Galway’s leading developers, the Fitzgerald Group, and although a certain amount of internal works are still required, they would provide a perfect residential investment. Bun na Leaca would see a solid return with a very high yield due to its high profile location. One option for investors to consider is to acquire the entire lot and then sell off individual units, as there would be a strong demand to acquire individual houses in this location.
O’Donnellan & Joyce expects to achieve a price in the region of €1.4 million for the 14 houses; this works out at €100,000 per unit, representing incredible value.
Bun na Leaca is open for viewing this Saturday between 12 noon and 1pm, or by private appointment.
Further details can by had by contacting O’Donnellan & Joyce (091) 564212, Colm O’Donnellan 087 2887446, or Niall Browne 086 6009523.