for sale by auction 49 william street,...
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49 William Street, GalwayFOR SALE BY AUCTION
Property Highlights• Excellent Investment Opportunity on Galway’s Main Retail
Thoroughfare
• 49 William Street has good street frontage and is adjacent to Edward Square, Eyre Square Shopping Centre and Brown Thomas
• The property comprises of a three storey mid terraced property extending to 284.1 sq m (3,058 sq ft)
• The entire property is let on a 18 year lease from the 1st July 2005 to Vision Express Ireland Limited at a current passing rent of €200,000 per annum
• Tenant not affected
• For sale by public auction on the 22nd November 2017
Prime Retail Investment Galway City 284.1 sq m (3,058 sq ft)
ContactPatricia Staunton Email: [email protected]: 091 569 181
Sean Coyne Email: [email protected] Tel: 091 569 181
Cushman & Wakefield 2 Dockgate,Dock Road, GalwayIrelandTel: 091-569181
cushmanwakefield.ie
Conditions to be noted: A full copy of our general brochure conditions can be viewed on our website at http://www.sherryfitz.ie/terms or can be requested from your local Cushman & Wakefield office. We strongly recommend that you familiarise yourself with these general conditions. PSRA Registration Number: 002222.
Cushman & Wakefield 2 Dockgate,Dock Road, GalwayIrelandTel: 091-569181Email: [email protected]
cushmanwakefield.ie
Title Freehold Contracts for sale are available by request from Mr Jason O’DonnellEversheds-SutherlandOne Earlsfort Centre, Earlsfort Terrace, Dublin 2Email: [email protected]: +353 1 6644295
BER detailsBER E2 Ber No. 800331605 Energy Performance Indicator: 1088.5 kwh/m2/yr
PriceThe property is for sale by public auction on the 22nd November 2017 with a guide price of €2.5 million
The LocationGalway is the premier tourist location in the West of Ireland. It is the fourth largest city in the Republic of Ireland after Dublin, Cork and Limerick and has a population of 79,504.Galway is also the business and administrative capital of the West of Ireland and is emerging as an international centre for manufacturing and research in the medical and biomedical sectors. Major employers include Boston Scientific, Medtronic and Celestica.The subject property is located on a high-profile position on William Street which is a continuation of Shop Street the prime retail location in Galway and enjoys strong footfall all year round.Local occupiers include Brown Thomas, Treasure Chest, Butlers, The Body Shop and Edward Square which is anchored by Dunnes Stores
DescriptionThe subject property comprises a three storey mid terrace building extending to 284.1 sq m (3,058 sq ft). Internally it is laid out to provide retail on ground floor, with examinations rooms to the rear of the ground floor and on first floor level. The remainder of building is used for staff & storage facilities. The property has the benefit of a modern glass shop front onto William Street which is pedestrianised and is Galway’s main retail thoroughfare.
Schedule of AccommodationAccommodation Sq M Sq FtGround Floor 104.7 1,172
First Floor 83.9 903
Second Floor 95.5 1,028
Total 284.1 3,058
Tenancy The property is let in its entirety to Vision Express Ireland Limited on a term of 18 years from the1st July 2005 at a current passing rent of €200,000 per annum.