Glasan Creche, 180 Glasan, Ballybane, Galway

€550,000

Beds
Price	€550,000
Property Type	Retail Units
Size	380 meters²
Energy Rating	BER-
Refreshed on	Oct 3, 2024
Eircode	H91 E243
Group Name	O'Donnellan & Joyce Auctioneers Ltd
Sales License Number	001955

Description

PRIME INVESTMENT OPPORTUNITY O'Donnellan & Joyce are delighted to offer to the market by way of private treaty, this unique investment opportunity. ?Glasan Creche? is a purposely equipped and established childcare facility which has been trading for the past two decades. The property is subject to a lease agreement and generating a rental income of ?52,000 per annum. The unit itself is predominately configured on the ground floor and extends to approximately 380 sq.m. (4,090 square foot). The building is well equipped with all necessary facilities to operate as a fully functional creche including a commercial style kitchen, various day rooms and an enclosed external courtyard area. The unit 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 exposure. 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. Considering the increasing population in the immediate area, along with a diverse workforce, the need for childcare facilities will be in high demand. For further information, please contact Shane McDonagh of O'Donnellan & Joyce.

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: Performance Indicator:

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: Performance Indicator:

Viewing Details

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

Negotiator

Shane McDonagh