Property Description

DNG presents Stonewater, 44 Dominick Street. A rare opportunity to acquire a landmark mixed use portfolio in the heart of Galway City.

This high profile investment holding comprising eighteen residential apartments, a first floor office unit, 12 parking spaces and a ground floor retail unit, positioned in one of Galway's most vibrant and sought after city centre locations. The property offers a strong existing income stream with clear scope for value enhancement through refurbishment of the vacant spaces.

The accommodation includes the following :
The listed building fronting onto Dominick Street comprises a ground floor retail unit which is currently occupied, a first floor office unit, a first floor one bedroom apartment and second floor two bedroom apartment. The office and residential units within this building are currently vacant and ready for refurbishment offering immediate potential to increase income .
The courtyard apartments include 4 x one bedroom ground floor apartments and 4 x two bedroom first and second floor duplex apartments all of which are own door and overlook the internal courtyard. All 8 of the courtyard apartments are occupied.
The waterside apartments include 2 x one bedroom first floor apartments and 6 x two bedroom apartments. All of the waterside apartments enjoy exceptional waterside views over Lough Corrib and the Spanish Arch and are all occupied.
The main building fronting onto Dominick Street Stonewater, is listed as a Protected Structure (RPS No. 3214), with protection extending to the building's interior, exterior, and special architectural character. This designation highlights the property's historic importance within the streetscape and offers a unique opportunity for sensitive restoration and long term capital appreciation.
The location is exceptional. Dominick Street sits at the centre of Galway's cultural and commercial activity, surrounded by cafs, restaurants, retail, offices, and hospitality venues. The property benefits from consistent tenant demand and strong footfall, reinforced by its proximity to the River Corrib and the city's most established amenities.
With a total existing rental income of 224,620 p.a., Stonewater combines immediate income with substantial value add potential. Its scale, architectural character, and prime city centre setting make it one of the most compelling investment opportunities to come to the Galway market in recent years.
Further details are available upon request. Early engagement is strongly advised.

Accommodation Summary
11 x Two bedroom apartments
7 x One bedroom apartments
First floor office space vacant, in need of refurbishment
Ground floor retail unit occupied
Total Current Rental Income: 224,620 p.a.

Zoning
Zoned CC City Centre under the Galway City Development Plan 20232029. The main building fronting Dominick Street is a Protected Structure (RPS No. 3214)

BER DETAILS

BER Rating - C3 - E2
BER Number - Available upon request.
Energy Performance Indicator - 200.51 - 341.63 kWh/m2/yr


DNG Leonard & Heaslip for themselves and for the vendors or lessors of the property whose Agents they are, give notice that: (i) The particulars are set out as a general outline for the guidance of intending purchasers or lessees, and do not constitute part of, an offer or contract. (ii) Any intending purchasers or tenants must not rely on the descriptions, dimensions, references to condition or necessary permissions for use and occupation as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of DNG Maxwell Heaslip & Leonard has any authority to make or give representation or warranty whatever in relation to this development. DNG Maxwell Heaslip &Leonard accept no liability (including liability to any prospective purchaser or lessee by reason of negligence or negligent misstatement) for loss or damage caused by any statements, opinions, information, or other matters (expressed or implied) arising out of, contained in or derived from, or for any omissions from this brochure.

This property was last updated: 2 days ago