Aura Investments

Location

 

This is a Greenfield site with no demolition works needed. Located just outside Galway City, this site is ideally located for residential use and is currently zoned for residential.

 

The 1.5 acre site has not been previously built on. The site is located 4km from Galway City centre meaning it has full access to all the amazing facilities and amenities in the Galway region. There are two nearby airports in Knock and Shannon and Galway also has its own port. Galway has a big student population as well as a strong tourism industry. Irish Rail, Bus Eireann and several motorways mean Galway stays well connected with the rest of the country. This is an ideal setting for any potential buyer. 

 

Proposed Development

 

Full planning permission has already been granted for the construction for 19 townhouses on this site. Each house is 105sq.m in size. Consisting of 2 floors and 3/4 bedrooms (3 bedrooms with one convertible room office/bedroom in each house). Each house will have it's own private garden to the rear as well as a communal green area at the centre of the development. The purchase and development cost has been estimated at €3,823,900. We would look to sell all houses after construction as opposed to a rent then sell strategy because we feel the demand is strong enough and that the profit we can make in the shorter term is sufficient enough to allow us to sell straight away. If sold at todays prices we could be looking at a profit of €926,000. But due to the high demand in the area we expect that potential sale prices will be much higher by the time the construction has been completed