Cushman & Wakefield has launched to the market, for sale by private treaty, an excellent investment opportunity located at Liosban Business Park, Galway. The property, Units 1 - 3 Liosbaun House, currently produce an annual rent of €75,000 per annum with excellent reversionary income potential.
Units 1 and 2 are currently let to Ulster Bank (tenant not affected ) on two separate long leases expiring in 2025. Unit 3 comprises a vacant ground floor retail unit, providing an excellent opportunity to increase the overall asset income.
Liosban Business Park and its surrounding area is one of Galway city’s best known suburban commercial locations and is an established base for businesses such as AIB, Mervue Business Park, Galway County Council, and various professional service providers.
Selling agent George Brady of Cushman & Wakefield said: “We expect a good level of interest for the property from both local and national investors.”
Cushman & Wakefield is quoting €950,000 exclusive for the property.