Ábalta Special School, Parkmore East, Ballintemple, Co. Galway, H91V9K4
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Ábalta Special School, Parkmore East, Ballintemple, Co. Galway, H91V9K4

€595,000

400 m²Investment Property
  • Available From:Immediately

About this property

Description

LOCATION The property is prominently located within the Parkmore East Business Park 7kms northeast of Galway City. This is an established, mature, high-quality industrial office complex with a number of high profile large corporate occupiers which includes Metronic, SAP Ireland, Celestica, Abbott and Fidelity Investments. This location is highly accessible via the N6, N67 and M6. Galway is a vibrant city of c 90,000 population with a broad and diverse employment base. It benefits from two Universities, several Hospitals and a large number of domestic and international companies. It has excellent public transport, retail business and leisure amenities. DESCRIPTION Built in 2003/2004 on foot of Planning Permission from Galway City Council. The property comprises of a purpose-built single storey creche/school building which was occupied as a creche for a number of years. Extending to over 400 sq.m, the property is built of rendered concrete block with some timber cladding, double glazed uPVC windows under a flat roof. The property is arranged as a series of classrooms together with office facilities. Externally there is a secure garden play area and there is on-site car parking. The total site area is 0.35 Hectares (0.86 Acres) TITLE The property has a 999 year lease with the IDA dating from 22/07/2005 subject to a nominal peppercorn annual. Title is held within Folio GY8807L. The property is currently occupied by Abalta Special School, who have been in occupation since July 2005. The current Lease is for a term of 5 years from 12th October 2023. The School are due to vacate and locate to a new purpose built school within the next few years. PASSING RENT The current passing rent is €59,194 per annum exclusive SERVICES We understand that the property is connected to all mains services including water, sewage, electricity and telecoms. ASKING PRICE €595,000 INVESTMENT Unique investment which provides a net initial yield of 9.0% assuming standard purchasers costs. The selling price works back to just €1,480 per sq.m which is significantly below like for like replacement. Ultimately on lease expiry, the property offers excellent reletting potential in this well-established business park. Please note that the ground lease to the IDA stipulates that the property is to be used a Crèche/Childcare facility only. FEATURES: • Purpose-built school/ childcare facility extending to over 400 sq m with a site area of 0.35 Hectares • Strategically located within the Parkmore Business Park • Located 7km east of Galway City with good connectivity • Current passing rent €59,194 • Lease expiry 12th October 2028. DIRECTIONS Located within the Parkmore East Business Park - follow google maps directions for Eircode H91 V9K4. VIEWINGS Strictly by prior appointment CONTACT To discuss this investment or for full further information, please contact Gerard O’Toole of O’Toole & Co. on gerard@tot.ie or 098 28000

The local area

Local schools and transport

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School Name
Distance
Pupils
School NameBrierhill National SchoolDistance1.2kmPupils241
School NameCastlegar National SchoolDistance2.0kmPupils82
School NameCastlegar National SchoolDistance2.0kmPupils82
School Name
Distance
Pupils
School NameMerlin Woods Primary SchoolDistance2.2kmPupils383
School NameMerlin Woods Primary SchoolDistance2.2kmPupils383
School NameRadharc Na Mara National SchoolDistance3.3kmPupils351
School NameRadharc Na Mara National SchoolDistance3.3kmPupils351
School NameGaelscoil DaraDistance3.4kmPupils428
School NameGaelscoil DaraDistance3.4kmPupils428
School NameScoil Chaitríona Junior SchoolDistance3.6kmPupils367
School Name
Distance
Pupils
School NameColáiste Mhuirlinne/merlin CollegeDistance2.2kmPupils725
School NameColáiste Mhuirlinne/merlin CollegeDistance2.2kmPupils725
School NameGalway Educate Together Secondary SchoolDistance3.3kmPupils350
School Name
Distance
Pupils
School NameGalway Educate Together Secondary SchoolDistance3.3kmPupils350
School NameGalway Community CollegeDistance3.7kmPupils454
School NameGalway Community CollegeDistance3.7kmPupils454
School NameColáiste Bhaile ChláirDistance4.9kmPupils1315
School NameColáiste Bhaile ChláirDistance4.9kmPupils1315
School NameCalasanctius CollegeDistance5.4kmPupils925
School NameCalasanctius CollegeDistance5.4kmPupils925
Type
Distance
Stop
Route
Destination
Provider
TypeBusDistance340mStopMedtronicRoute409DestinationEyre SquareProviderBus Éireann
TypeBusDistance340mStopMedtronicRoute409DestinationEyre SquareProviderBus Éireann
TypeBusDistance370mStopMedtronicRoute409DestinationCelesticaProviderBus Éireann
Type
Distance
Stop
Route
Destination
Provider
TypeBusDistance400mStopCelesticaRoute409DestinationEyre SquareProviderBus Éireann
TypeBusDistance470mStopGalway Technology ParkRoute401DestinationAn Phairc MhorProviderBus Éireann
TypeBusDistance470mStopGalway Technology ParkRoute409DestinationCelesticaProviderBus Éireann
TypeBusDistance470mStopGalway Technology ParkRoute401DestinationAn Phairc MhorProviderBus Éireann
TypeBusDistance480mStopCelesticaRoute409DestinationCelesticaProviderBus Éireann
TypeBusDistance500mStopGalway Technology ParkRoute401DestinationEyre SquareProviderBus Éireann
TypeBusDistance500mStopGalway Technology ParkRoute401DestinationEyre SquareProviderBus Éireann

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  • Date listed02/04/2026
  • Views49

Daft ID: 56536247

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