Galway hotel with potential for €1.5m

Agent O'Donnellan & Joyce is quoting €1.5 million for the Glenoaks Hotel at Rahoon in Galway city.

The 36-bedroom hotel is situated on Bishop O’Donnell Road midway between the city and Salthill.

It is well finished and in good condition, according to the agent, and comes with a tenant in situ (current tenancy not affected) or with vacant possession effective from February 2016.

The ground floor of 504sq m (5,425sq ft) has a large reception area, office, toilets, bar, dining area, kitchens and bar store. The first and second floors each feature 18 en suite rooms.

Glenoaks has development potential, subject to planning permission, according to the agent.

It is close to the NUI Galway campus and the Dún Áras student complex is nearby so the hotel could be converted into a large student residential facility.