O Donnellan & Joyce Auctioneers are delighted to offer for sale a superb commercial investment property located at Abbey Arch which is ideally located in the heart of Galway City. The units on offer are situated just metres from the main shopping thoroughfare of Shop Street, Galway’s well known and primary retail destination.
Abbeygate Street is bustling area and is a predominantly commercial location with a mixture of retail, office and leisure businesses. In addition the property also connects to the junction of Market Street. The property is comprised of three separate units, which are for sale in one entire lot.
The first of the units on offer is comprised of a first floor at Abbey Arch (Unit 2) and is currently occupied by Adecco Ireland Limited. This unit draws an annual rental income of €6,246 with a term of 35 years from a lease dated 17th October 2001.Total area of 39 sqm/ 419.79 sq ft.
The second unit on offer is a ground floor commercial office space known as 24 Abbeygate Street and is occupied by Central Park Limited for a term of 21 years from 1st August 2001 with a rental income of €9,887.50 per annum. Total area of 39 sqm/ 419.79 sq ft.
The third unit on offer is a first floor apartment known as 12 Abbeygate Street, Abbey Arch and is comprised of a residential apartment which is currently occupied rented out with a rental income of €7,200 per annum. The apartment has a total area of 52.25 sqm/562.41 sq. ft.
This is an excellent opportunity to acquire a superb investment property. The current tenants not affected by the sale. Viewing is highly recommended and guaranteed not to disappoint.
Unit 2 Abbey Arch -
Access via Abbey Arch, first floor unit, occupied by tenant Adecco Ireland, 39 sqm (419.79 sq ft), annual rental income of €6,246, lease term of 35 years from a lease dated October 2001
24 Abbeygate Street -
Access is via Abbey Arch, First floor office unit, 39 sqm (419.79 sq ft), occupied by Central Park Limited, annual rental income €9,887.50, lease term of 21 years from 1st August 2001