O’Donnellan & Joyce is currently offering an excellent investment opportunity to acquire a mixed use development at Furbo. The Dún Éibhir development, which was built circa 2005/2006, is located just off the R336 Galway/Spiddal road in Furbo village.
The development includes a large retail/restaurant area of 670 square metres on the ground floor. On the first and second floor levels there are two offices, two apartments, and four townhouses.
This is an exceptional location on the very busy coastal route from Galway to Spiddal. Furbo is located within the Gaeltacht and the headquarters of Údarás na Gaeltachta are located in the village. Furbo is approximately 12km west of Galway city and surrounded by natural and unspoilt scenery.
On the ground floor the retail/restaurant area is currently open plan and is completed to a shell and core finish. There are four separate access doors to the front, and each faces directly on to the busy Galway/Spiddal coast road. To the rear of the building are three access doors just off the communal parking area. This unit is suitable for a number of different uses and, due to the large number of access points, could possibly be divided into smaller units if required.
On the first floor there are two offices, one is completed to a shell and core finish, while the other has been plastered and floored. Both are located to the front of the building. This level includes access to the four three bedroom townhouses, which are split over two levels; each townhouse has its own separate entrance and enclosed front patio area. Three of the four townhouses are currently rented.
On the second floor level there are two two bedroom apartments, one of which has a large balcony area to the front with uninterrupted views of the sea and surrounding coastline. This apartment is currently vacant. Overall four of the six residential units are rented and are currently generating a rental income of €31,000 a year.
This development has been well constructed and finished to a high standard with ceramic tiled flooring and modern finishings throughout. There is lift access to all floors, while the townhouses can be accessed internally from the first floor or by taking the external stairwell located at the rear of the building.
The property will be auctioned on Friday March 6 at 3pm in the Harbour Hotel, Galway. Open viewings take place on Thursdays and Saturdays between 3.30pm and 4.30pm, or viewing can be arranged by private appointment. The property is listed with an AMV of €375,000.
For full details contact Mary Fahy of O’Donnellan & Joyce auctioneers, Mary Street, Galway, 091 531092 or 564212.