If you are looking for a gilt edged investment or a business opportunity that won’t clean you out then No 4 Sea Road is a must. The property comprises a thriving laundrette with two self-contained modern apartments overhead. Situated on a high profile site on Sea Road, this property has been refurbished and modernised in recent years to provide a quality building with a large roof garden to the rear, offering the possibility for further development.
The ground floor is home to one of Galway’s oldest and most established laundrettes which has been in business for more than 30 years. According to Colm O’Donnellan of agents O’Donnellan & Joyce the laundrette could be operated as a going concern, with a thriving business in existence, or it could be purchased and leased as there would be a number of parties who would have an interest in acquiring the opportunity of running this excellent business.
On the first floor there are two self-contained apartments with separate access. The two apartments are finished to the highest of standards with modern fixtures and fittings throughout.
This property would provide an investor with a guaranteed rental income with a possible yield of between 10 and 11 per cent. According to the agents No 4 Sea Road would give the best return that money can get and far better than money in the bank.
The property is being offered for sale by public auction on July 1 at 3pm in the Victoria Hotel, Eyre Square, Galway. The solicitor with carriage of sale is Donal Gavin of WB Gavin, Devon Place, Galway.
Open viewings take place Thursdays and Saturdays from 12.30pm to 1.30pm.
For further details contact Colm O’Donnellan at (087 ) 2887446 or (091 ) 564212.
