Prime Knocknacarra mixed use residential site comes to market

With its proven track record as a residential location of choice, the sale of a development site on the Clybaun Road, Knocknacarra, with planning permission for 33 spacious one, two, and three bedroom apartments with sea views, along with retail space and a medical centre between two blocks, is expected to attract strong interest from both local and national developers in the build-to-sell and build-to-rent sectors, in an established suburban area for both owner occupier and investor sales.

The proposed scheme, designated a ‘Local Neighbourhood Centre’, along with the 33 apartments, includes planning permission for retail units suitable for a convenience store, and a medical centre to serve the surrounding residentially zoned lands. Indeed, construction has recently commenced on adjacent residential lands.

Extending to an area of c1.3 acres (0.53 hectare ), there is scope for the prospective purchaser to increase the density of the development by seeking and securing permission to accommodate further residential units, subject to planning permission; existing Galway City planning permission reference 18/161 was granted in January 2020.

This high profile development site is situated on the sought after Clybaun Road Upper, close to the well known Clybaun Hotel, and within 250 metres of the proposed N6 Galway Outer Bypass. The site is located in an elevated position with commanding views overlooking Galway city, Galway Bay, and Salthill.

Knocknacarra is an established residential and commercial location and is well catered for in terms of local amenities with both primary and secondary schools within walking distance, shopping, parks, sporting facilities, and ready access to public transport and national road networks.

This is a superb development opportunity in a prestigious location, convenient to all amenities and within 4km of Galway city centre, University Hospital Galway, and NUIG.

Selling agent Rooney auctioneers said: “With planning permission already in place for a substantial scheme of 33 one, two, and three bedroom apartments with spectacular views of Galway Bay and the city, a medical centre and retail units, and with possible further potential to add more residential units, this kind of site we believe will hold strong appeal for developers.”

The property is being offered to the market by way of ‘best and final bids’ to be submitted no later than 2pm on Friday July 23. All details from the selling agent, Rooney's, on (091 )567391.

 

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