Property Description

Leasehold Dessert & Coffee Business For Sale

Eyre Square Centre, Galway

An excellent opportunity to acquire a fully fitted dessert, gelato and coffee business located within Eyre Square Centre, Galway, one of the city’s busiest retail destinations benefiting from strong daily footfall from shoppers, tourists and city centre workers.

The business is being offered for sale at a premium of €50,000, representing exceptional value for a purchaser seeking a turnkey hospitality opportunity in a prime Galway city centre location.

The sale includes the entire existing fit-out, fixtures and equipment, branding, stock, and operational infrastructure, allowing a purchaser to step directly into a fully operational business with immediate trading capability.

The premises are currently configured for the sale of gelato, crepes, waffles, milkshakes, desserts and coffee, with a modern retail counter, gelato display units, food preparation area, refrigeration equipment, beverage preparation stations and seating area. The unit is fitted out to a strong commercial standard and would allow an incoming operator to continue the existing concept or introduce their own food and beverage offering, subject to landlord consent where required.


Lease

The lease was originally granted in December 2016 and has been formally extended for a further 10 years, commencing 1 September 2024 and expiring 31 August 2034.

The current passing rent is €32,000 per annum, which represents excellent value for a city centre retail unit within Eyre Square Centre.

Key lease terms include:
- Lease term secured until 2034
- Passing rent: €32,000 per annum
- Rent review: September 2029
- Tenant break option: Year 5 (subject to notice)
- Assignment permitted, subject to lease terms

Importantly, no Deed of Renunciation has been signed, meaning the tenant may benefit from statutory renewal rights under the Landlord and Tenant (Amendment) Act 1980, subject to qualification. This provides a purchaser with the potential for additional long-term security of tenure beyond the current lease term.


Opportunity

For an operator seeking to enter the food and beverage sector, this represents a rare opportunity to acquire a fully operational hospitality unit in Galway city centre without the significant capital cost and time associated with fitting out a new premises.

The cost of establishing a comparable dessert or café concept—including design, fit-out, equipment and setup—would typically exceed the asking premium.


Key Highlights
- Premium: €50,000
- Prime Eyre Square Centre, Galway location
- Fully fitted dessert, gelato and coffee unit
- All fixtures, equipment, branding and stock included
- Passing rent: €32,000 per annum
-Lease secured until 2034
- Potential statutory renewal rights
- Immediate trading capability as a going concern

BER Details

Energy Performance Indicator: 0.00 kWh/m2/yr

This property was last updated: today, 14 hours ago