Cushman & Wakefield Galway has recently launched to the market for sale one of Galway city’s most high profile properties. The property is excellently located on the old Dublin Road on the east side of Galway city, opposite Merlin Park Hospital and close to Galway-Mayo Institute of Technology and a number of established residential estates.
The site extends to 1.86ha (4.6 acres ) and is zoned residential under the Galway City Development Plan 2011-2017. The property is currently let to Galway Irish Crystal Limited at a rent of €200,000 per annum with two-yearly landlord break options. There is further short term income of €10,500 per annum from a telecommunication mast (tenants not affected ).
Sean Coyne of Cushman & Wakefield noted: “An opportunity to buy potential development lands within Galway city is a rarity in the current market and we expect strong demand for the property.”
Sole selling agent Cushman & Wakefield is seeking best bids on the property by December 14.
For further information contact Sean Coyne, Cushman & Wakefield, at 091 569181.