PRIME INVESTMENT OPPORTUNITY - 10.0% Gross Yield.

O'Donnellan & Joyce are delighted to offer to the market by way of private treaty, this unique investment opportunity.

The office unit is occupied by Glasan Managment Company under a 10 year lease from April 2026.

The property extends to approximately 75 square metres and is subject to a lease agreement generating a rental income of €18,000 per annum.

The office unit is fitted out to a high standard and equipped with all facilities. 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. The ATU currently has a student enrolment of approx. 5,000 along with approx. 700 staff members as of 2023-2024.

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.

For further information, please contact Shane McDonagh of O'Donnellan & Joyce.