Property Description

For Sale – Two Prime Retail Units - Units 2 & 3, Tuam Shopping Centre, Tuam, Co. Galway

Stellar Property are delighted to present these two modern, adjoining retail units within the established Tuam Shopping Centre, available with the benefit of vacant possession.

Key Features:
- Available with vacant possession
- Modern retail accommodation in turnkey condition
- Prominent dual-aspect frontage
- Mezzanine storage and ancillary accommodation
- Established retail destination
- Over 400 surface car parking spaces
- Suitable for owner-occupiers, investors or a variety of retail and service uses (subject to planning permission where required)

LOCATION
Tuam is a commuter town located approximately 34km north of Galway city and 1km from the new M17/M18 Limerick to Sligo Road. It has experienced a growth in population and is now in excess of 9,600 (Census 2022). Tuam is home to a number of national and international companies including Valeo and JFC Manufacturing.

Tuam Shopping Centre is located on Abbey Trinity St., on the N17 Galway to Sligo Road and is easily accessible to Tuam town centre via Chapel Lane to the rear. The Centre opened in 2005 and comprises 11 large retail units, a 400-space multi-storey car park and 15 two-bedroom apartments overhead. The Centre serves as a retail hub for Tuam and its surrounding areas. The Centre is anchored by Tesco and includes retailers and services such as Elvery's Intersport, Specsavers, Regatta, Roots Café, and Medwell Allcare Pharmacy.

DESCRIPTION
Occupying a prominent ground floor position, both units are presented in turnkey condition and benefit from excellent natural light with dual frontage onto Abbey Trinity Street and the Centre's main entrance plaza. These units were previously amalgamated on the ground floor and benefit from mezzanine-level storage accommodation, accessed via a stairwell located to the rear of Unit 3.

Accommodation:
Unit 2: 291.6 sq m (3,138 sq ft) - Ground 191.1 sq m (2,056 sq ft) Mezzanine 100.4 sq m (1,081 sq ft)
Unit 3: 242.4 sq m (2,608 sq ft) - Ground 161.3 sq m (1,735 sq ft) Mezzanine 81 sq m (873 sq ft)

The units were previously occupied by a fashion retailer and were fitted out to a very high standard. Internally the property's ground floor measures 352 sq m (3,793 sq ft) and are fitted with tiled floors throughout, drop accessed ceilings with spots, air conditioning and all mains services. The property has fantastic visibility onto the Abbey Trinity Street and internally onto the Shopping Centre's main concourse. The unit is bright and is adjacent to Tesco, Elvery's Intersport, Specsavers and Regatta.

The mezzanine stores / ancillary space extends over both units and is accessed off Unit 3. The mezzanine measures 181.5 sq m (1,954 sq ft) and has a toilet, managers office, canteen and fully racked stores.

OPPORTUNITY
Stellar Property are of the opinion that these units offer an excellent opportunity to acquire high-quality retail accommodation in one of Tuam's principal retail destinations. The ERV is in the region of €65,000 p.a. net of vat, offering investors a potential yield of 10.75%.

BER Details

BER No. 800505257

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: yesterday morning