On the instructions of the receiver, Declan McDonald of PWC, the Webworks development on Foster Street, Galway, has been brought to the market for sale by private treaty through joint agents HT Meagher O’Reilly and DTZ Sherry FitzGerald.
This substantial development comprises a fully completed and fitted office block extending to 33,545sq ft, with extensive underground car parking, a coach station, and a residential site. The overall site is 1.059 acres (approximately ) with 98 m (approximately ) fronting on to Fair Green.
There is an existing coach station which has been substantially completed with nine bays currently operating and six bays remaining to be constructed. Some 148 car spaces are provided in the basement car park over two levels. There is currently a management in place to operate both the coach station and car park.
The adjoining partially completed residential scheme provides for 33 units, comprising 23 two bed apartments, five three bed apartments, and five one bed apartments.
The overall opportunity is likely to appeal to investors seeking to secure a prime, mixed use site in a much sought-after location just off Eyre Square. There is a development opportunity to complete works and then sell off the apartments, let the coach station, car park, and the office block which is designed to provide a modern enterprise space for fast growing knowledge-led companies.
The development is available for sale by private treaty in one or three lots consisting of the office building, coach station and car park, and residential site.
For further information contact Paul Hanly of HT Meagher O’Reilly at 01 6342466, or Aidan Gavin of DTZ Sherry FitzGerald at 091 569181.
