Development and investment opportunities available

Ballybane Enterprise Centre.

Ballybane Enterprise Centre.

Lambert Smith Hampton has recently brought a number of investment and development opportunities to the market in Galway city and suburbs.

The former Lackagh Concrete facility in Quarry Road, Menlo, is for sale with a guide price of €550,000. The facility is located approximately 2km from the preferred Galway city bypass route and 5km from Galway city centre, and provides various development opportunities, subject to planning permission. The entire site is approximately 5.81Ha (14.36 acres ) with outbuildings extending to approximately 2,516sq m (27,082sq ft ).

Another property with good potential is Ballybane Enterprise Centre on Castlepark Road, Ballybane. Situated only 650m from GMIT, the three storey detached property extends to approximately 1,276sq m (13,735sq ft ) and is currently in ‘shell and core’ condition. The property is zoned Commercial/Industrial in the current Galway City Development Plan and would be suitable for a wide variety of uses. LSH is guiding €550,000.

A high profile and strategically located development site on Moneenageisha Road is certain to attract strong interest with an asking price of €375,000. The Residential zoned site extends to 0.19Ha (0.47 acre ) and was previously occupied by three detached houses. The subject property benefits from approximately 40 metres of frontage onto Moneenageisha Road and is approximately 1.5km from the city centre. The site is located sandwiched between the Galway Financial Services Centre — home to tenants such as Deloitte, Murray Spelman, and DHKN — and Galway Community College, while Wellpark Retail Park, The g Hotel, and The Huntsman Inn are located across the road.

No 3 Abbeygate Street Upper offers both investors and owner occupiers a great opportunity to acquire a property just a stone’s throw from Shop Street. The four storey terraced property benefits from a prominent location in the city centre extending to approximately 103sq m (1,301sq ft ) and is available with full vacant possession. The ground floor is a retail unit and benefits from good profile on Upper Abbeygate Street. The upper floors benefit from separate access to the ground floor and require some refurbishment. The property is suitable for a wide variety of uses including offices and residential for the upper floors, subject to planning permission. The guide price is €350,000 for the property.

For further details on any of the aforementioned properties or to arrange an inspection, contact Patrick Cormican on 091 865333.

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