33 Shop Street, Galway City, Co. Galway

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Price on Application - Sale Agreed

Investment Property For Sale
11,226 sq. feet (1,043 sq. metres)

Contact Name: Alex Patterson

Selling Agent: Bannon

PSR Licence Number: 001830

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Property Description

Prime retail Investment opportunity

For Sale by Private Treaty (Eason Store not affected)

Situated in a prime high footfall location on Galway City's premier thoroughfare

Landmark building directly opposite River Island and Tommy Hilfiger

Uniquely large retail floor plates with the entire extending to 1,042.9 sq.m

25 year lease to Eason Ltd. with 10 years term certain and parent guarantee

Attractive Net Initial Yield of 6.0% off a market rent of 525,000 p.a.

33 Shop Street is a part two/three story landmark building extending to 1,042.9 sq.m (11,226 sq.ft) NIA incorporating 834.1 sq.m (8,978 sq.ft) of retail area over ground and first floor levels. The scale of the retail floor plates in the subject property is rare as the major shortfall of Shop Street (and Galway generally) is an absence of retail units of scale suitable for modern retailer requirements.

The property occupies a corner regular shaped site of approximately 0.14 acres with significant frontage of 17 meters to Shop Street. Church Lane abuts the building and provides servicing access which is utilised by Easons. The building is a Protected Structure dating back to approximately 1910 and is located within the City's core Architectural Conservation Area.

Internally the retail areas are open plan and underwent refurbishment in 2013 to provide books, news and magazines at ground floor and stationery and gifts on the first floor.

An up-only escalator, links the ground and first floor retail areas, which are also serviced by a stairs and customer lift. Access to the second floor stockroom/offices is also via stairs and lift.

For more information please log onto www.easonsgalway.com. Here you can register your interest to the data room.

This property was last updated: 29 days ago


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Selling Agent

This property is Sale Agreed

Bannon
Hambleden House, 19-26 Pembroke Street Lower, Dublin 2

Contact Name: Alex Patterson

PSR Licence Number: 001830

Show Number
This Investment Property For Sale located at 33 Shop Street, Galway City, Co. Galway is currently for sale. This property was last updated by Bannon 29 days ago. 33 Shop Street, Galway City, Co. Galway is priced as: Price on Application and has 11,226 sq. feet (1,043 sq. metres). View all properties for sale in Galway City, Co. Galway. View investment property for sale in Galway City, Co. Galway.
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33 Shop Street,, Galway City, Co. Galway