Tuam Road Retail Park Tuam Road Galway€2,500,000 For Sale 2,763.22 sqm approx
Investment Property For Sale
Tuam Road Retail Park 2,763 sq m (29,743 sq ft)
- Mixed use investment opportunity in Galway City
- Excellent location in a high profile position on the Tuam Road
- Currently producing an income of €197,500 per annum with reversionary potential
- Tenants include a strong covenant mix
- Units held on primarily long-term leases
- Tenants not affected
The subject property comprises of 6 units within a larger terrace of units. The 6 units consist of ground floor retail with office accommodation overhead which were constructed around c.1996/1997. The units are finished externally with a mix of stone and metal cladding under an insulated sheet metal roof. All units have pvc double glazed retail fronts to the ground floor and the property has been very well maintanted throughout.
Unit 1 ground & first floor is occupied by HSS Hire and is finished with suspended ceiling and fluorescent lighting, the back section is used as a store. There is a roller shutter door to the rear and an industrial lift & stairs access to the first floor which is used as storage and fitted out similar to the storage section underneath.
Unit 2 ground floor is currently vacant and is finished to the front section of the ground floor with suspended ceiling and fluorescent lighting, painted concrete block walls and painted concrete floor, the back section has concrete ceiling with florescent lighting and concrete floor. There is a roller shutter door to the rear.
Units 3 - 6 ground floor are occupied by All 4 Baby and is finished as an open plan retail shop with suspended ceilings and carpeted floors. all units have extensive storage to the rear.
First Floor: With the exception of the 1st floor space over Unit 1 which is used as a store by HSS Hire the rest of the first floor space is fitted out as offices and divided into a three self-contained units serviced by a stairwell from the front of the building. The offices are finished in a range of standards but all are in good condition. The building has secure key pad access.
The property benefits from communal car-parking to the front and rear of about 120 spaces.