O'Donnellan & Joyce is offering for sale this prime city development opportunity consisting of circa 5.38 acres of zoned residential lands. The lands are located in the high density townland of Terryland which is situated just 1km from Galway city centre.
The lands benefit from extensive frontage onto the Coolough Road and are within 200m of the Dyke Road which leads to Galway city centre. The lands are currently zoned residential under the Galway City Development Plan 2017-2023. All services are available including mains sewage, mains water, and electricity.
The lands also benefit from two substantial detached residences which are in excellent condition. The 5.38 acres are positioned on an elevated site in the much sought-after townland of Terryland which contains breathtaking views overlooking the River Corrib. The lands are positioned within 1km of NUIG, UHG, and all amenities that Galway city has to offer. Neighbouring developments include the renowned Crestwood residential development, Caislin, and Carraig Bán.
Under the recently announced Housing for All plan, the Government has committed to delivering 300,000 new homes by 2030. Just over half of these new units are intended to be provided by the private sector. The National Planning Framework has set a target of 50 per cent of new city housing within Galway city and suburbs footprint. It is estimated that Galway city and surrounding suburbs will grow by in excess of 40,000 people (80,000 to 120,000 minimum target population by 2040 ). Taking the above into consideration, along with the lack of availability of high density landbanks in such a central location, demand for the 5.38 acres is anticipated to be competitive.
This is without a doubt one of Galway city’s finest development sites to be offered to the market in recent times.
Price on application.
Contact Colm O’Donnellan or Shane McDonagh Of O’Donnellan & Joyce auctioneers Ltd on 091 564212 or email [email protected]/[email protected].
