Property Description

For Sale – Prime Retail Unit
Unit 3, Tuam Shopping Centre, Tuam, Co. Galway

Stellar Property are delighted to present this modern retail unit within the established Tuam Shopping Centre, available with the benefit of vacant possession.

Key Features
- Modern retail accommodation in turnkey condition
- Extensive mezzanine floor
- Prominent dual-aspect frontage
- 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
The subject property comprises a high-quality ground floor unit with mezzanine floor that is accessible off the main concourse and is available for immediate occupation. The unit was previously occupied by a fashion retailer and was fitted out to a very high standard. Internally the property's ground floor measuring 161 sq m (1,736 sq ft) is 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 mezzanine floor measures 85 sq m (914 sq ft) and offers excellent storage and staff ancillary space. The unit is bright and is adjacent to Tesco, Elvery's Intersport, Specsavers and Regatta.

The property previously incorporated the adjacent unit giving Investors / Occupiers the opportunity to expand their portfolio in a very busy regional location.

OPPORTUNITY
Stellar Property are of the opinion the unit will be of interest to a diverse range of occupiers. The ERV is in the region of €35,000 p.a. net of vat offering investors a potential yield of 10.6%.

OFFR
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BER Details

BER No. 800505257

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: yesterday morning