Lot 1 Former Southern Hills Guesthouse, Salthill, Co. Galway

Bidding Closed

SOLD FOR

€669,000

Property Enquiries

Thomas O'Dowd

thomas.odowd@bidx1.com
+353 (0)1 566 8378
+353 (0)86 773 6905

Viewing/ Registration Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Solicitor

Iseult Cody

i.cody@beauchamps.ie
+353 (0)1 418 0600
Description
Map
Viewings

Addendum
Please note there has been an amendment to the contract for sale regarding Special Condition 4.4 and 4.5. Please refer to the legal documents for further information. Please be advised the exclusion of 4.5 and the inclusion of 4.5 in the Contract for Sale. Please also note Lis Pendens previously showing on the folios has now been removed.
Property Summary
  • A former guest house and restaurant.
  • Prime tourist location.
  • Extending to approximately 338.52 sq. m (3,644 sq. ft).
  • Site extending to approximately 0.08 hectares (0.2 acres).
  • Zoned Residential.
  • Potential for a range of uses (subject to obtaining all necessary consents).
  • Subject to three separate tenancies.
  • Total current rent reserved €33,900 per annum.
  • Viewings will commence strictly by appointment from June 8th.
Location
  • Galway is the fourth largest city in Ireland with an urban population of some 75,000 people (as of the 2011 Census).
  • The city is situated approximately 98km north of Limerick and approximately 85km west of Athlone.
  • Transport links are provided by the M6 Motorway which is situated approximately 5km to the east, public transport is served via a number of bus routes and Ceannt Rail Station.
  • The property is situated on the southern side of Knocknacarra Road, directly adjacent to The Galway Golf Club.
  • Surrounding occupier include Emo Oil and Knocknacarra Florists.
Description

   

The property is arranged over ground and two upper floors to provide a former guest house and restaurant unit. Internally the property comprises a ground floor restaurant unit together with a twelve bedroom guest house overhead.

Total floor area extending to approximately 338.52.4 sq. m (3,644 sq. ft).

 

PLEASE NOTE: The Property in sale was the subject to proceedings which have since been discontinued however whilst applications for the removal of Lis Pendens registered at Entry 7 Part 3 of Folio GY48645 and Entry 8 Part 3 of Folio GY29818 were lodged with the PRA on 12 March, pursuant to application D2020LR034499E, these are currently pending with the PRA marked "Awaiting Attention". Owing to recent circumstances there is a backlog of applications pending however on completion the purchaser will be provided with up to date folios showing the removal of the aforementioned lis pendens.     

Accommodation

Zoning

Under the Galway City Council Development Plan 2017 - 2023 the land is zoned "Residential". "To protect and enhance the special physical and social character of town and district centres and provide and/ or improve urban facilities".

VAT
Please refer to Legal Documents
Property Table
Floor Present LesseeAccommodationSize (Sq.m)Size (Sq.Ft) Lease TermsCurrent Rent € p.a
  Total338.52 sq. m3,644 sq ft €33,900 p.a. 
Ground FloorCamelot Property Management LtdTakeaway, restaraunt and anchillary accomodation1481,592Camelot Gardian Agreement. The agreement can be terminated at any time with 5 weeks prior notice.-
First FloorCamelot Property Management LtdFive double bedrooms, two single bedrooms and two ensuite bedroom108.721,170Included in above agreement
Second FloorCamelot Property Management LtdThree self contained twin bedrooms81.9882Included in above agreement-
RoofMeteor Communications Ltd t/a MeteorPhone Mast - -

A five year licence agreement from 16.10.2002. Mutual break option at any stage giving 6 months notice.

€14,000 p.a.
Roof Vodafone Ireland Limited t/a VodafonePhone Mast - - 

Licence agreement from 14.03.11 for a term of 10 years. Mutual break option at any stage giving 6 months notice.

€10,000 p.a.
RoofThree IrelandPhone Mast--Licence agreement from 01.10.2010 for a term of 10 years. €9,900 p.a.
BER
Number
800377814
Energy Performance Indicator

601.48 kWh/m²/yr


No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.


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