A bungalow on a prime half-acre development site in Salthill is set to go under the hammer next month with a guide price of €1 million.
105 Upper Salthill is on the main road, opposite the former Warwick Hotel, and is zoned in the current City Development Plan for high-density residential use.
Selling agent James Heaslip said this is one of the most high-profile development opportunities to come to the market in recent times.
“Currently in use as a private residence, the existing bungalow will, more than likely, give way to a residential development, which is in keeping with the rest of the neighboring properties.
“Under the most recent Galway City Development Plan, the area is zoned high density residential, with the potential to build over 20,000 sq ft of living accommodation.
“The property is adjacent to the upmarket Pointe Boise apartment complex, with the recently opened ‘Nest’ boutique hostel also adjoining the property.
“Directly opposite the front gates, there is a planning application for the redevelopment of the old Warwick Hotel, with the new owner seeking a four-storey, 60-bed, nursing home.
“It’s one of the most sought-after locations in Galway and there is absolutely no doubt that there is huge potential with this site.
“While the house is attractive, it will need work and would make a stunning family home, in the right hands.
For more, read this week’s Connacht Tribune.