BER = C3
For Sale

Exceptional City Centre Redevelopment Opportunity, Presentation Road, Galway

Presentation Road
Galway
Ireland
IE
0.53 hectares
Price/Rent: 2500000

Overview

The property comprises a range of buildings totalling approximately 3,828.5 (41,210 sq.ft) on a site area of approx. 0.53 hectares (1.32 acres). The buildings include the Presentation Convent; a period building and protected structure of approx. 1,229.7 Sq.m (13,237 sq.ft), as well as the former Our Lady’s College secondary school, being a more modern three storey structure totalling 2,426.4 Sq.m (26,117 Sq.ft) and also the former Presentation national school, consisting of 172.4 Sq.m (1,856 Sq.ft).

Convent

The original ‘Presentation Convent’ is an striking three storey residence built circa 1750; once comprising a charter school, military barracks and later a fever hospital. The property includes 25 bedrooms, as well as four main reception rooms, an oratory, stores and various other rooms suitable for a multitude of uses. The property also includes a mature walled garden to the front of the convent.

Secondary School

The former secondary school building totalling some 2,426.4 sq.m (26,117 sq.ft) sits on the eastern side of the site in close proximity to the canal. This is an imposing 1960’s concrete frame building and was occupied up to 2022. National School The former national school is situated in the site’s southwestern corner and comprises 172.4 sq.m (1,856 sq.ft). This is a single storey period structure, in need of refurbishment.

The Site

The entire comprises a site area of approx. 0.53 ha. (1.32 acres) and would be suited to redevelopment for alternative city centre uses, subject to planning permission and having regard to the inclusion of protected structure(s), e.g. the convent building.

Location

The property is located at the heart of Galway city centre, off Presentation Road and situated between the river Corrib and the Eglington Canal; immediately west of Nun’s Island. This is a prime location, west of the main shopping and cultural district of the city, off Eyre Square and south of the University of Galway and is conveniently located just a short walk from all of the amenities and attractions of this vibrant city. The area is well served by public transport with numerous bus routes to and from the city including the 401 & 410. Galway city also has the benefit of a train station at Eyre Square approx. 15 minutes’ walk from the subject property.

Galway is a university city and the commercial and cultural capital of the west of Ireland and a major tourism centre, situated on the river Corrib, between Lough Corrib and Galway Bay. Galway is the fourth largest city in Ireland by population, with 84,414 city residents per the 2022 Census and a vibrant city centre with string demand for residential accommodation and hotels in particular. Galway is the economic hub for the west of Ireland and a strong centre for manufacturing, logistics, R&D, healthcare and retail, as well as being a major engine for tourism and the arts. There are numerous multinational companies based in Galway and major employers in the areas of ICT, medical equipment, electronics, etc. Galway is readily accessible by all major forms of transport, including road (M6 to Dublin), rail (Ceannt station) and bus (national & regional services) as well as having its own airport (6km from city) and harbour. Presentation Road is characterized by an elegant mix of period properties, modern townhouses, and cottages, exuding character and appeal, but with the vibrancy of being a short stroll from all of the services and amenities of Galway city centre.

Galway’s population is continuously rising as the county’s population rose by 8% from 2016 to 2022 with it reaching 277,737. Of this population in Galway 84,414 people live in Galway city, the county’s average age was 39 which is slightly higher than the countries average of 38.8. There has been a large increase (14%) in the number of workers in Galway reaching 125,519 people. Enjoy the best of both worlds—a peaceful residential environment while still being within close proximity to the vibrant city centre.

Features

Range of substantial buildings including period convent (25 Bedrooms), together with the former Our Lady’s College secondary school and period national school, totalling approx. 3,828.5 sq.m (41,210 sq.ft) on a site of approx. 0.53 ha. (1.32 acs).

Highly sought-after location in the centre of Galway city , within walking distance of all the amenities the city has to offer.

The property is zoned ‘Community, Cultural and Institutional’ in the Galway City Development plan 2017 – 2023 with all main services available.

Feasibility report outlines potential for hotel (82 Beds) and residential uses (60 Units) on the site, s.p.p.

Unique redevelopment opportunity in heart of Galway city, with potential for variety of uses, incl. hotel, residential, office/conference, educational, etc.

Energy Rating

BER: C3
BER No.
Energy Performance  kWh/m2/yr

Property Location