The renowned Galway nightclubs Electric Garden and Halo, known to older clubbers as Central Park, may be sold. After 30 successful years in the business and after more than 18 months when trade has been paused due to the pandemic, the owners are considering exiting the business. As restrictions are easing and new opening hours coming into effect, this provides a good opportunity for a new owner to take the business forward. In addition, with the adjoining An Post site now on the market, this provides an opportunity for a significant city centre development.
The nightclub property will hold many fond memories for many revellers from Galway and further afield. The property sits on a very substantial central Galway site extending to 0.5 acre and comprises a floor area of approximately 2,028sq m (43,572sq ft ) over a number of levels. It has the benefit of significant frontage to Upper Abbeygate Street comprising all or part of a number of mid-terrace three storey over basement commercial buildings. As well as housing nightclub areas these buildings also include retail and apartment accommodation.
The property has been developed over the years and extended into the large regular shaped rear site with significant two and three storey structures, constructed to form two modern open plan nightclubs, beer gardens, a restaurant, and covered outside areas together with ancillary service accommodation to include storage, toilets, cold rooms, etc, as well as attractive modern office space.
The property subdivides the large open plan space into distinct sections providing an intimate and luxurious ambiance, making use of some level changes to break up the space.
As mentioned, in addition, the property has excellent development potential given its prime location in Galway city centre. The location and zoning would suit a number of alternative uses including retail, hotel, office, residential, or student accommodation, subject to planning permission. While a fantastic opportunity in its own right it could also be developed in conjunction with the extensive An Post property which is now on the market. The combined properties would be one of the largest city centre sites to become available in Galway in recent years.
It is understood that agents TWM and Cushman & Wakefield’s Galway office are preparing the property for sale.
For further details contact Patricia Staunton or Sean Coyne, Cushman & Wakefield, on 091 569181.
