O’Donnellan & Joyce brings gilt-edged city centre investment to the market
O’Donnellan & Joyce has just brought to the market possibly one of the finest investment properties available in Galway city.
According to Colm O’Donnellan of O’Donnellan & Joyce auctioneers this is a gilt edged commercial investment, producing a gross yield of in excess of 11 per cent.
The property is located on a high profile site in the heart of Galway city’s main commercial district directly adjacent to the Radisson Hotel, the Galway Bus Station, the tourist office. The building was previously occupied by Habitat and is now currently leased to Mental Health Ireland on a 10-year lease from January 1 2011, which is to be reviewed on January 1 2016. Mental Health Ireland houses its Jigsaw support centre here and provides a free and confidential support service for young people aged 15 to 25.
The building comprises offices and a café and is finished to a very high standard. There is a total ground floor area of 503sq m (5,414sq ft) with an mezzanine floor of approximately 703sq m (7,567sq ft). The tenants are in situ and the building is being sold as an investment property with a listed price of €1.2 million.
Further details can be had by contacting Colm O’Donnellan of O’Donnellan & Joyce, Mary Street, Galway, on 087 2887446 or 091 564212.