Stonewater, No 44 Dominick Street Lower, a rare and substantial mixed-use investment opportunity, has been brought to the market by DNG Leonard & Heaslip, offering scale, income security, and exceptional value-add potential in the heart of Galway city.
This significant city centre holding comprises 18 residential apartments together with a first floor office and a ground floor retail unit, delivering a strong and diversified income profile. Eight of the apartments enjoy enviable waterside views overlooking the River Corrib and the Spanish Arch.
The portfolio includes 11 two-bedroom apartments (10 occupied ), seven one-bedroom apartments (six occupied ), a vacant first floor office, a ground floor income-producing retail unit and 12 parking spaces.
The property currently produces a combined rental income in excess of €225,000 per annum, with clear potential for uplift through the refurbishment of vacant spaces.
Fronting onto Dominick Street, part of the holding includes a protected structure (RPS No 3214 ), recognised for its architectural and historic significance. The protection applies to the structure, interior, exterior, and special character — offering investors the opportunity to steward a notable piece of Galway’s built heritage while unlocking future value.
Zoned CC – City Centre under the Galway City Development Plan 2023–2029, the property benefits from exceptional flexibility for future use, subject to planning. Its scale, location, and configuration make it suitable for a wide range of asset strategies, from continued rental optimisation to more ambitious redevelopment.
Opportunities of this calibre — combining immediate income, value-add potential, architectural character, and a prime city centre setting — are exceptionally rare in the Galway market. Stonewater, No 44 Dominick Street Lower stands out as a compelling acquisition for investors seeking a premium, future-proofed asset in one of Ireland’s most vibrant and resilient cities.
Price on application.
Further details are available from the selling agents James Heaslip and Eva Casserly of DNG Leonard & Heaslip, or contact the office on 091 565261.
