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33 Shop Street, Galway City, Co. Galway

Price on Application
Investment Property For Sale | 11,226 sq. feet (1,043 sq. metres)
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Overview

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.
PDF Brochure 

PDF Brochures:

 Brochure 1.pdf

Daft Property Shortcode:

https://www.daft.ie/5808412

Date Entered/Renewed:

16/5/2019 (4 days ago)

Property Views:

607
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Address:

33 Shop Street, Galway City, Galway City Centre

Distance to City Centre:

0.3 km (0.2 miles), 0 minute walk

Street view

Negotiator Photo

Alex Patterson

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33 Shop Street,, Galway City, Co. Galway