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€1,350,000
Refreshed on: 13/06/2018

12 Quay Street, Galway City, Galway

Investment Property 1396 ft 2 Energy Rating


Description

PRIME CITY CENTRE INVESTMENT OPPORTUNITY - TENANTS NOT AFFECTED

O'Donnellan and Joyce, together with joint agents CBRE, are delighted to offer for sale a ground floor restaurant unit located in the heart of Galway City. Situated in Galway's Latin Quarter, this is an incredible opportunity to acquire a prime investment property.

DESCRIPTION
The subject property basically comprises a ground floor commercial unit located a 12 Quay Street, Galway. The property forms part of a three storey / four storey building which is currently operating as Barnacles Holiday Hostel and is also immediately adjacent to Number 10 retail shop unit & convenience store at Quay Street, Galway.
The property itself is currently used as a fully licensed restaurant and has total site coverage.

LOCATION
Quay Street is an established commercial location with neighbours and occupiers including Bars, Eateries, Hotels and retail shops. Quay Street adjoins Cross Street at its intersection with High Street and is immediately adjacent to The Spanish Arch.

LEASE TERMS
The unit is currently let on a 35 year FRI lease from May 1994 with 5 yearly rent reviews with the next review due in June 2021. We understand the title to the property is freehold.

For further information, please contact O'Donnellan & Joyce Auctioneers.

Features

LEASE DETAILS
Current Tenant: Trattoria Restaurant
Lease Term: 35 year lease from the May 1994 with 5 year rent reviews
Current Rent: Available on Request
Rates; Available on Request

BER Details

BER: Exempt

Viewing Details

For Further details please contact our office on 091-564212

or Joint Agents

CBRE Hotels
3rd Floor | Connaught House | 1 Burlington Road | Dublin 4

John Hughes T +353 1 6185538
John Ryan T +353 1 6185721

OFFICE OPENING HOURS
MON TO FRI 9AM TO 5:30PM
SATURDAY 9am to 5pm (closed for lunch 1pm to 2pm)

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O'Donnellan & Joyce Auctioneers Ltd

5 Mary Street, Galway, Co. Galway,

Tel: 091 564 212

PSRA Licence No.  001955

Colm O'Donnellan Tel: 091 564 212


€1,350,000
€1,350,000
BESbswy