Specsavers, Unit 4, Tuam Shopping Centre, Tuam, Co. Galway

Dati

For Sale – Prime Retail Investment

Unit 4, Tuam Shopping Centre, Tuam, Co. Galway Tenant not affected

Stellar Property are delighted to present this modern retail unit For Sale within the established Tuam Shopping Centre. The property is occupied by Tuam Specsavers Limited (Co. No. 651377) t/a Specsavers.

KEY FEATURES

• Excellent retail investment

• Let to a Specsavers on a 10 year lease from July 2024

• Current Rent €35,000 p.a. excl (€40,000 p.a. years 4 and 5)

• Modern retail unit fitted out to a very high standard

• Tuam Shopping Centre is an established retail destination

• Over 400 surface car parking spaces

• Suitable for owner-occupiers, investors or a variety of retail and service uses (subject to planning permission where required)

Tuam Shopping Centre is anchored by a strong mix of national and local occupiers including Tesco, Elverys, Allcare Pharmacy, Roots Café and Park Jewellers, generating significant footfall throughout the year.

LOCATION

Tuam is a commuter town located approximately 34km north of Galway city and 1km from the new M17/M18 Limerick to Sligo Road. It has experienced a growth in population and is now in excess of 9,600 (Census 2022). Tuam is home to a number of national and international companies including Valeo and JFC Manufacturing.

Tuam Shopping Centre is located on Abbey Trinity St., on the N17 Galway to Sligo Road and is easily accessible to Tuam town centre via Chapel Lane to the rear. The Centre opened in 2005 and comprises 11 large retail units, a 400-space multi-storey car park and 15 two-bedroom apartments overhead. The Centre serves as a retail hub for Tuam and its surrounding areas. The Centre is anchored by Tesco and includes retailers and services such as Elvery's Intersport, Specsavers, Regatta, Roots Café, and Medwell Allcare Pharmacy.

DESCRIPTION

The subject property comprises a high-quality ground floor unit , that is occupied by the UK and Ireland's leading optician and audiologist retailer. Internally the property's ground floor is fitted with a mix of carpet and vinyl tiled floor throughout, drop accessed ceilings with spots, air conditioning and all mains services. The property has a retail reception, patient waiting area, 4 consultation rooms, a canteen, toilet and managers office. The unit is bright and is adjacent to Tesco, Elverys Intersport and Regatta.

The sitting Tenant occupies the premises under a 10 year Lease.

This property offers prospective purchasers a strong investment return with a NIY 6.7% increasing to 7.66% in year 4 and 5.