Restaurant Unit, Glasan, Ballybane, Galway

€325,000

Beds
Price	€325,000
Property Type	Pubs & Restaurants
Size	147 meters²
Energy Rating	BER-B3
Refreshed on	Apr 25, 2025
Eircode	H91 X6EP
Group Name	O'Donnellan & Joyce Auctioneers Ltd
Sales License Number	001955

Description

PRIME INVESTMENT OPPORTUNITY - 9.2% YIELD O'Donnellan & Joyce are delighted to offer to the market by way of private treaty, this unique investment opportunity. Currently trading as "Camile", the property is a is a purposely equipped and trading restaurant which has been trading for the past two decades. The property extends to approximately 147 square metres and is subject to a lease agreement generating a rental income of ?30,000 per annum. Glasan Restaurant is located within a multi-unit-development and benefits from ample surface carparking facilities to the front. Glasan is a high density student development which was constructed in 2002 by Kenny Developments and is accessed via the Ballybane Road. The subject property is located to the front of the development with extensive frontage and external patio. The immediate area of Ballybane / Renmore is well serviced by a host of amenities & services while being within close proximity to number of employment hubs such as Parkmore business park, Galway Clinic and Bon Secours Hospital to name but a few. Additionally, the area is excellently serviced by quality transport links giving easy access to Galway City Centre, neighbouring suburbs, as well as the M6 & M18 motorways. LOCATION Glasan is conveniently located directly opposite the Atlantic Technology University (Formally GMIT) and accessed via the Ballybane Road. The immediate area is high density in character and positioned within the suburban area of Ballybane / Renmore. The immediate area has a population / catchment area of approximately 15,000people while being regarded as one of the main arteries leading to Galway City Centre. Glasan development is positioned 5km east of Galway City Centre while being within a 2km radius of Parkmore business park, Galway Clinic, Bon Secours hospital and Merlin Park hospital. Furthermore, the recently developed Garda Regional Headquarters is located within 200m of the subject property with a staff capacity of approximately 250. The ATU currently has a student enrolment of approx. 5,000 along with approx. 700 staff members as of 2023-2024. For further information, please contact Shane McDonagh of O'Donnellan & Joyce. NOTE: These particulars are not to be considered a formal offer. They are for information only and give a general idea of the property. They are not to be taken as forming any part of a resulting contract, nor to be relied upon as statements or representations of fact. Whilst every care is taken in their preparation, neither O?Donnellan & Joyce Auctioneers nor the vendor accept any liability as to their accuracy. Intending purchasers must satisfy themselves by personal inspection or otherwise as to the correctness of these particulars. No person in the employment of O?Donnellan & Joyce Auctioneers has any authority to make or give any representation or warranty whatever in relation to this property.

Features

? Located in a high density residential area ? well established creche facility ? high workforce in the immediate area ? constructed by Kenny developments ? 9.45% Gross Yield ? LEGAL ? Lease - 10 years from May 2022 ? Passing Rent - ?52, 000 per annum. ? Tenant - Glasan Creche Ltd. ? Rates & Service Charges - On request.

BER Details

BER No: 801042037 Performance Indicator: 677.62

Viewing Details

Strictly by appointment with O Donnellan and Joyce O Donnellan and Joyce on 091 564 212

Negotiator

Shane McDonagh

Description

Features

BER Details

BER No: 801042037 Performance Indicator: 677.62

Viewing Details

Strictly by appointment with O Donnellan and Joyce O Donnellan and Joyce on 091 564 212

Negotiator

Shane McDonagh