Glasan Launderette, Ballybane, Galway, H91X6EP

INVESTMENT OPPORTUNITY O’Donnellan & Joyce are delighted to offer to the market a self-contained retail investment opportunity. “Glasan Laundrette” is a purposely equipped and trading laundrette which has been trading for the past two decades. The property extends to approximately 35 square metres and is subject to a lease agreement generating a rental income of €12,000 per annum. Glasan Stores is located within a multi-unit-development and benefits from ample surface carparking facilities to the front. Glasan is a high density student development which was constructed in 2002 by Kenny Developments and is accessed via the Ballybane Road. The subject property is located to the front of the development with extensive frontage. The immediate area of Ballybane / Renmore is well serviced by a host of amenities & services while being within close proximity to number of employment hubs such as Parkmore business park, Galway Clinic and Bon Secours Hospital to name but a few. Additionally, the area is excellently serviced by quality transport links giving easy access to Galway City Centre, neighbouring suburbs, as well as the M6 & M18 motorways. LOCATION Glasan is conveniently located directly opposite the Atlantic Technology University (Formally GMIT) and accessed via the Ballybane Road. The immediate area is high density in character and positioned within the suburban area of Ballybane / Renmore. The immediate area has a population / catchment area of approximately 15,000people while being regarded as one of the main arteries leading to Galway City Centre. Glasan development is positioned 5km east of Galway City Centre while being within a 2km radius of Parkmore business park, Galway Clinic, Bon Secours hospital and Merlin Park hospital. Furthermore, the recently developed Garda Regional Headquarters is located within 200m of the subject property with a staff capacity of approximately 250. The ATU currently has a student enrolment of approx. 5,000 along with approx. 700 staff members as of 2023-2024. For further information, please contact Shane McDonagh of O’Donnellan & Joyce. '