Lough Atalia Development Site, Lough Atalia, Galway City Centre

€1,350,000

Beds
Price	€1,350,000
Property Type	Site
Size	0 meters²
Energy Rating	BER-Exempt
Refreshed on	Jun 28, 2024
Eircode
Group Name	Sherry FitzGerald Galway
Sales License Number	002183

Description

The subject property comprises of development site extending to approx. 0.169 hectare (0.418 acre) and is currently a greenfield landholding. There is also an additional waterside portion of ground part of the property this is located directly across from the main site onto Lough Atalia Road and extends to approx. 0.038 hectare (0.094 acres). The main site is broadly rectangular in shape and is elevated relative to Lough Atalia Road, falling from west to east. Access is directly off Lough Atalia Road and the site benefits from significant road frontage extending to approx. 30 meters while it is approx. 56 metres in depth. At present, a stone wall approximately 3 metres in height forms the front boundary with Lough Atalia Road, there is a pedestrian gate within this boundary wall at present. The northern and southern site boundaries also comprise stone walls. Forster Street House, a detached period home and its gardens are located to the rear of the site. The surrounding area is predominantly residential in nature with several apartment developments situated on Lough Atalia Road while The Galmont Hotel is located adjacent to the site. Location: The subject property is located on the western side of Lough Atalia Road, an excellent, central location in Galway City and only 400m from Eyre Square. Galway City is the largest urban centre and key economic hub in the West of Ireland. Galway is the fourth largest city in the state with a population of 85,910 persons as per the 2022 Census, while there are ambitious targets set for population growth in Project Ireland 2040 which expects the city to grow to 120,000. Galway is a vibrant bohemian city, with a long medieval history and is renowned for its culture. There are a number of annual events that drives tourism which include the Galway Arts Festival, the Oyster Festival and the Galway Races. Galway City boasts first class third level education opportunities in University of Galway and Atlantic Technological University, with both acting as anchors the many major multinational companies based in the City, as well as a host of new start up's. This central city location means it benefits from close proximity to all the main transport links. Ceannt Train Station and the main Bus station are less than a 5-minute walk to the subject site while the M6 (Dublin) and M17/18 (Sligo/Limerick) motorways are only 9km and 17km away respectively. Planning Permission: In April 2024, the subject site received full planning permission for the development of 18 units. (Galway City Council Ref. 21102, An Bord Pleanála Ref. PL61.312943). Set out in a single 7 storey block, the overall development will comprise of a floor area of approx. 1,675 sq.m (18,039 sq.ft) and will be set back approx. 16 metres from the front site boundary on Lough Atalia Road, where all access will be from. The development will also include 19 no. surface car parking spaces and 20 bicycle spaces in a covered shelter. There is also provision for a communal landscaped open space to the rear of the development. 10% of the scheme is liable to the provision of Part V. This scheme will provide well designed, spacious apartments with quality views onto Lough Atalia. There is also the benefit of the waterside plot approx. 0.038 hectares (0.094 acres) in size that could serve as additional amenity space to the apartment development. A schedule of accommodation is provided, with further information available on request. Zoning: Planning policy for the property is provided by the Galway City Development Plan 2023-2029. Under these guidelines the lands are zoned Residential. Property Highlights: • Ready to go site with full planning permission for 18 high end apartments. • Rare residential development opportunity in a prime Galway City Centre location. • Unrivalled range of local amenities within walking distance. • Site benefits from superb views onto Lough Atalia & Galway Bay. • Approx. 0.169 hectare (0.418 acre) and zoned “Residential” under Galway City Development Plan 2023-2029. • Benefits from a waterside plot extending to approx. 0.038 hectare (0.094 acres). • Designed by Patrick McCabe Architects. Title: We understand the property is held Freehold. Method of Sale: The subject property is being offered for sale by Private Treaty. Services: Prospective bidders are advised to satisfy themselves regarding the presence, adequacy and availability of all services to the subject property. Inspections Strictly by prior arrangement with the sole agent Sherry FitzGerald Commercial.

Accommodation

BER Details

Exempt

Negotiator

Tony Kavanagh

Description

Accommodation

BER Details

Exempt

Negotiator

Tony Kavanagh