O’Donnellan & Joyce is offering to the market one of Galway’s most exclusive developments at Fort Eyre, Maunsells Road.
Fort Eyre is a stunning development set on the corner of Maunsells Road and Shantalla Road, widely regarded as one of Galway’s most desirable residential addresses and situated only minutes from Galway city centre.
This impressive development comprises 12 residential units and one separate commercial unit which is accessed from Shantalla Road. There is a potential rent roll of €126,000 a year. The development is offered for sale by private treaty at €1.3 million, subject to contract. This equates to a gross income yield of 9.7 per cent.
Fort Eyre is an historic building constructed in the 1820s. The site was redeveloped in 2007 and comprises three blocks; the period house, the tower block, and recently built townhouses.
The residential units are a mix of spacious one, two, and three bedroom units. The three bedroom units range from approximately 1,065sq ft to 1,119sq ft; the two bedroom units range from 656sq ft to 1,011sq ft; and the one bedroom units range from 581sq ft to 667sq ft. The commercial unit, which can be described as shell and core, is c450sq ft.
Internally the units are finished to a very high specification. There is also ample communal parking to the front of the development.
All units are let except for Unit 4, Unit 7, and the commercial unit. Unit 4 is being kept vacant for viewing purposes, while Unit 7 is currently being used for storage and requires a small amount of work to complete.
Fort Eyre is located in a prominent position, at the junction of Shantalla Road and Maunsells Road, Galway. Taylor’s Hill, which is one of Galway’s most prestigious addresses, is located at the southern end of Maunsells Road (c300 metres from Fort Eyre ).
The development is to be sold as one unit, and the purchaser will control the entire scheme.
Fort Eyre House is open for viewing this Saturday between 12 noon and 1pm, and on Wednesday between 5pm and 6pm.
Further details can be had by contacting Mark Forsyth of O’Donnellan & Joyce at (091 ) 564212.
