Unit 207 comprises a single level ground floor retail premises which has
been fitted out by the current tenant as an Optician / Retail Store. The
unit has excellent frontage onto a busy mall of c. 9.75 metres. We understand
the mezzanine level within the unit was installed by the tenant and is a tenantâ€™s
improvement. Please note that the Specsavers Premises on Level 1 (Lower Level)
does not form part of the sale and is owed separately from Unit 207 (Level 2).
Sq. M. Sq. Ft.
Ground Floor Retail 79.90 860
First Floor Office 56.90 612
Total: 136.80 1,472
Prime retail investment oppurtunity in Galway Cityâ€™s Premier Shopping centre
anchored by Penneyâ€™s, Dunnes Stores and New Look.
Ground floor retail premises extending to approximately 80 sq. m. (860 sq. ft.),
with ancillary office space of 57 sq. m. (612 sq. ft.) on a Mezzanine floor level.
Attractive investment, with a current passing rent of €86,000 pa. exclusive and a
lease term with 11 years unexpired (May 2026).
The property is let to Galway Vision Plus Ltd. t/a Specsavers, the lease is
guaranteed by Specsavers Optical Superstores Ltd., under the terms of a 35
year FRI commercial lease from 16th May 1991 with 5 yearly open market upward
only rent reviews.
BER No. 800373375
Energy Performance Indicator: 814.38 kWh/mÂ²/yr
Galway is the capital city in the West of Ireland, with a population of 50,653
(Census 2011). The City is one of the most popular tourist destinations in
Ireland, attracting in excess of 1.4 million visitors annually with a number
of high profile events taking place in the City each year such as Galway Race
Week, The Galway Arts Festival and the Galway International Oyster Festival.
The City has a population with a large student population with NUI Galway
and GMIT being the two key third level facilities in the City.