Property Description

FOR SALE - Investment Opportunity (Tenant Not Affected)

Excellent High Profile Investment Property at 40 Eyre Square. NIY 8.26% (Assuming typical purchasers costs @ 9.96%)

Description:
Number 40 Eyre Square is an exceptionally well located commercial investment property. Extending to approximately 55 sq.m (592 sq.ft) GIA, the subject property comprises a ground floor lock up unit with "Cafe" use currently occupied under lease.

Situation:
Situated on the North western side of Eyre Square, a location of immense commercial and historical importance, adjacent to users including offices, hospitality and retail. Immediately adjacent to The Imperial Hotel, Dunnes Stores, Supermacs, Golden Discs, The Card Factory and Corrib Shopping Centre.

Galway City
The City is the regional capital of the West of Ireland and is renowned as a place of importance in many respects, not least, Culture, Education, MedTech and Tourism. Atlantic Centre of Education is based nearby. The University of Galway and Atlantic University are City based and attended by as many as 26,000 students. Galway is a hub for The Medical Tech Industry and home to Boston Scientific, Medtronic, Integer amongst many others. Numerous very successful indigenous Med Tech companies have spawned from the talent pool that exists in Galway. As one of the most frequented destinations outside of the Capital Dublin, Tourism in Galway is booming. Situated on the Wild Atlantic Way, benefiting from a good road & rail network and accessibility to airports including Shannon, Knock and Dublin, the location of the city is of strategic importance. Traditional events include The Galway Races, a week long event every July and The Galway Arts Festival which takes place every summer.

Accommodation:
Ground Floor: c. 55 sq.m / c. 592 sq.ft GIA

Lease:
10 year lease from 27th September 2024. Current Passing Rent and Further details available on request

Zoning:
The property is zoned CC "City Centre" under the Galway City Development Plan 2023-2029

Viewing:
By Appointment

Guide Price:
€385,000

Contact:
Philip Mullery, Mullery Auctioneers, 091-567275

Please Note:
Messrs. Mullery Auctioneers Ltd. for themselves and for the vendors or lessors of this 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, nor constitute part of, an offer or contract. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct, but any intending purchasers or tenants should not rely on them 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 Messrs. Mullery Auctioneers Ltd. has any authority to make or give any representation or warranty whatever in relation to this property. (iv) We have not tested any apparatus, fixtures, fittings or services. Interested parties must undertake their own investigation into the working order of these items. (v) All measurements are approximate and photographs and maps provided are for guidance only. (vi) Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/ lessee shall be liable for any VAT arising on the transactions. (vii) Where a Matterport Virtual Tour is provided, we do not accept any responsibility for the accuracy of the Matterport measurement tool. Interested parties must confirm these measurements themselves by inspection or otherwise. (viii) Where a floorplan is provided please note the following; Whilst every attempt has been made to ensure the accuracy of these floorplans, any measurements, position of doors, windows etc are approximate and no responsibility is taken for any error, omission or mis-statement. These plans are provided for illustrative purposes only and should be used as such. These plans are for guidance only and must not be relied upon as a statement of fact. Attention is drawn to this important notice.

BER Details

BER No. 801130154

Energy Performance Indicator: 492.20 kWh/m2/yr

This property was last updated: yesterday morning