Thursday 15 November 2018

Galway housing portfolio at €1.6m to draw developers and investors

Offers sought: The 13 units are partially completed to varying levels
Offers sought: The 13 units are partially completed to varying levels
Ronald Quinlan

Ronald Quinlan

Sarah Winters of agent TWM is seeking offers in excess of €1.6m plus VAT for 13 partially-completed residential units distributed across the Cuirt na hAbhainn estate in Claregalway, Co Galway, an established residential development within Claregalway village approximately 11.6kms from Galway city centre.

Cuirt na hAbhainn comprises a modern residential development of 105 units laid out to provide a mix of three, four and five-bedroom units, 13 of which are included in the sale.

The subject units are a mix of three and four-bedroom terraced and semi-detached units with garden areas to the rear.

The 13 units are partially completed to varying levels.

Four of the houses are fully completed and occupied under residential, short-term letting agreements.

Ample communal car parking is provided directly outside each property on site.

Cuirt na hAbhainn is situated east of Galway city and is within easy access of the M6 Galway to Dublin motorway, as well as the N17 Galway to Sligo Road.

Amenities at the location include primary and post-primary schools, shopping and service facilities, and business parks.

With strong demand for residential rental accommodation and a dearth of supply in the market generally, Sarah Winters of TWM expects to see significant interest from both developers and investors.

She comments: "This is an attractive lot size for parties who have an appetite for development and will be enticed by both the investment and re-sale angles, and by the rental growth potential once the units have been completed."

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