Details

For Sale – Prime Retail Unit - Unit 2, Tuam Shopping Centre, Tuam, Co. Galway.

Stellar Property are delighted to present this modern retail unit within the established Tuam Shopping Centre, available with the benefit of vacant possession.

Key Features

• Modern retail accommodation in turnkey condition
• Prominent dual-aspect frontage
• 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)

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 modern ground floor retail unit extending to approximately 191 sq m (2,056 sq ft), together with a 100 sq m (1,081 sq ft) mezzanine providing valuable storage accommodation. The unit is available for immediate occupation, with the mezzanine currently accessed via the adjoining Unit 3.

Previously occupied by a fashion retailer, the property is fitted out to a high standard and benefits from tiled flooring, suspended ceilings with recessed lighting, air conditioning and all mains services.

The unit enjoys prominent frontage onto both Abbey Trinity Street and Tuam Shopping Centre's main concourse, offering excellent profile within one of the region's busiest retail locations.

Opportunity

Stellar Property are of the opinion the unit will be of interest to a diverse range of occupiers. The ERV is in the region of €30,000 p.a. net of vat offering investors a potential yield of 10.9%.