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Trophy site hits market with a €4m price tag

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The Geata an Eolais building opposite University Hospital Galway: €4 million asking price

A retail, office and residential block opposite University Hospital Galway has come on the market with a price tag of €4 million.

‘Geata an Eolais’ on the corner of University Road and Newcastle Road is currently producing an overall rental income of €413,220 per annum, which equates to an income yield of 9.48% after standard purchaser costs.

The building was named ‘Gate of Knowledge’ in recognition of former UCG President Liam Ó Broin, who once lived in a house on the site.

It comprises a three-storey over basement mixed-use development which extends to 16,444 sq. ft.  The sale is being handled jointly by Colm O’Donnellan of O’Donnellan & Joyce Auctioneers and Paul Callanan of Savills.

Mr O’Donnellan told Tribune Property: “The property is situated on a high profile pitch at the corner of University Road and Lower Newcastle Road, one of Galway’s busiest thoroughfares.“

Bank of Ireland is the primary tenant in the building, with a rent of €343,000 and seven-and-a-half years unexpired on the lease. The bank is sub-letting to Tesco express.

The first floor accommodation offers a modern office suite which is currently vacant and provides the purchaser with the opportunity to increase returns in the future. The second floor features 4 luxury two-bed apartments that are fully let and generate €52,800 per annum.

The rooftop area houses a telecom mast and is currently leased by O2 & Meteor with a rental income of €11,000 per annum.  The basement area provides car parking facilities for up 36 cars, which is currently achieving €6,120 per annum.

“This is a gilt-edged high profile mixed-use investment opportunity which will appeal to a wide range of investors given the attractive return on offer.

“Given the strength of covenant associated with the current income profile and excellent asset management opportunities, we anticipate a strong level of interest,” said Mr O’Donnellan.

■ For further information, contact O’Donnellan & Joyce on 091 564212 or Savills on 01 6181418.

Connacht Tribune

Private Hyperbaric OxyGeneration for wound healing in the West

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SPONSORED CONTENT

Mayo Clinics and wound healing

If it’s used in the Mayo Clinics in the USA, it’s sure to be in demand in the West of Ireland. OxyGeneration’s presence in Galway is dramatically changing people’s quality of life. One client had his wound dressing changed 557 days in a row, however after 26 session of hyperbaric oxygenation, the wound closed for the first time. This person did a total of 43 sessions at OxyGeneration and was able to return to work.

If for example, you have a chronic non-healing wound as a result of tissue injury in diabetic foot ulcers, you would use the non-emergency hyperbaric oxygenation at OxyGeneration. The wound could also be vascular insufficiency ulcers, or your wound simply will not heal — hyperbaric oxygenation is the front line treatment of choice for such wounds.

Radiation induced injury 

Also, you may have an internal wound in cancer radiation induced tissue injury. This is an absolute, quality of life opportunity using hyperbaric oxygenation to help tissue injury to heal post cancer radiation treatment or side effects, specifically bladder issues and radiation cystitis and radiation proctitis when the tissue injury is bleeding. Osteoradionecrosis of mandible is another indication as well as incontinence. Some Healthcare insurers cover this wound healing at OxyGeneration.

Conflict of Interest

Brian Lynch discloses a conflict of interest: firstly, as a solicitor practicing in Galway and also as part owner of OxyGeneration, a company providing private hyperbaric oxygenation. This involves breathing oxygen under pressure in a chamber, which has a scientific basis for the known benefits on injured tissue no matter where in the body.

Mr Lynch says: “Hyperbaric Oxygenation is in direct competition with outdated treatments or surgery. As part of the disclosure required for an informed consent to medical intervention, your doctor will tell you of the known benefits of hyperbaric oxygenation. This is an essential part of the overall management strategy for your care. Limb amputation can be avoided as well as a lot of urology surgery. When hyperbaric oxygenation becomes more widely known, it will be the treatment of choice and make a lot of surgery redundant and nurses or podiatrists doing wound dressings redundant”.

Next week, this article will be about men’s issues such as ,erectile dysfunction, prostatitis and avoiding some urology issues.

Talk to your GP, send this article to a friend, and google about it. OxyGeneration can be contacted at 091 394444 or oxygeneration.com

 

 

 

 

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Connacht Tribune

Teeing up for tourism success

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Head of Business development in Fáilte Ireland, Paul Mockler

A couple of golf clubs in the south and east of the county have joined with compatriots in the Midlands to ensure a greater slice of this tourism sector that generates €300 million a year across the country.

Ballinasloe GC and Portumna GC joined representatives from Slieve Russell, Glasson Lakehouse Mount Temple GC, County Longford GC and Farnham Estate as the Ireland Golf Tour Operators Association (IGTOA) hosted its first in-person event in 18 months to highlight the incredible golfing experiences available throughout Ireland’s Hidden Heartlands.

The IGTOA and Ireland’s Hidden Heartlands Golf Challenge and Business Networking Dinner, in association with Fáilte Ireland, took place in the newly refurbished Glasson Lakehouse hotel & golf resort outside Athlone.

They heard that the golf tourism industry attracted 200,000 visitors a year to Ireland before the outbreak of Covid-19 – accounting for 1.6 million bed nights.

And those clubs within the Hidden Heartlands region want to claim their share of that.

Head of Business development in Fáilte Ireland, Paul Mockler said that the state tourism promoter has, and will continue to, support and invest significantly in the golf tourism industry.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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Connacht Tribune

Significant milestone for Galway under National Broadband Plan

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National Broadband Ireland, the company delivering the state’s new future-proofed, high-speed Fibre-to-the-Home network, has announced that the first premises in Galway to have been successfully connected is in Ballinasloe.

It’s the first of over 38,000 premises across the county, all of which are included in the State’s Intervention Area, which will see NBI deliver minimum speeds of 500 megabits per second to homes, businesses, farms and schools.

As the biggest investment in rural Ireland since rural electrification, the County will receive €153m of Government investment under the NBP.

As a wholesale network operator, NBI does not sell fibre broadband directly to end users, rather it enables services from a range of broadband providers or Retail Service Providers (RSPs).

As a wholesale provider, NBI will make the new Fibre-to-the-Home network available to all RSPs operating in the Intervention Area.

Some 48 RSPs have already signed up to sell services on the NBI network and 27 are certified as ready to start providing connections as of today. To see the retail broadband providers that are currently licensed to sell on the NBI network, visit NBI.ie/buy

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite  HERE.

Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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