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IrelandGalwayGalway CityTuam RoadMulti Storey Car Park, Unit 4 Liosbaun Industrial Estate, Tuam Road, Co. Galway

€200,000

Multi Storey Car Park, Unit 4 Liosbaun Industrial Estate, Tuam Road, Co. Galway

Energy RatingInvestment Property Refreshed on May 4, 2021
#2 of 2 Properties Viewed in Tuam Road
BidX1 Ireland Ltd
BidX1 Ireland Ltd
Tel: 01 6673388
PSRA Licence No. 001652
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Description

The property is arranged to provide a multi storey car park. Internally the property comprises car parking facilities over basement, ground and four upper floors.Total floor area extending to approximately 766 sq. m (8,247 sq. ft).  Galway is the fourth largest city in Ireland with an urban population of some 79,934 people (as of the 2016 census).The city is situated approximately 98km north of Limerick and 85km west of Athlone.The M6 Motorway is situated approximately 5km to the east. Galway is also accessed by the N17 from north and the N18 from south.The property is located within Liosban Industrial Estate just off the Tuam Road, towards the rear of the estate.Surrounding occupiers include Ulster Bank, O'Briens Cafe, and Holly’s Pharmacy. The entire property is at present let to an individual t/a Curran Motor Works for a term of 21 years from 01.12.2007 at a initial contractual rent of €550,000 per annum, exclusive of rates and VAT. The lease provides for upward only rent reviews every year and contains full repairing and insuring covenants.Please Note: We have been informed by the Vendor that they are not in receipt of rental payments.

Accommodation

BER Details

BER: Exempt kWh/m2/yr

Lot Number

231

Negotiator

Emma Byrne

Auction Location

Online - BidX1

Auction Time

2021-05-14 08:00