Unit 6, Tuam Shopping Centre, Tuam, Co. Galway

细节

Investment Property - For Sale Tenant not affected

66 m²

For Sale – Prime Retail Investment Unit 6, Tuam Shopping Centre, Tuam, Co. Galway

Stellar Property are delighted to present this tenanted and modern retail unit within the established Tuam Shopping Centre to the market for sale..

Key Features - Excellent retail investment - Let to a Barber shop on a 4 year 9 month lease from October 2025 - Lease being assigned and varied to extend the Lease to a 10 year Lease from July 2026 - Rent €14,500 p.a. excl - Modern retail unit fitted out to a very high standard - 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) T

Tuam Shopping Centre is anchored by a strong mix of national and local occupiers including Tesco, Elverys, Specsavers, 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 with mezzanine, that is occupied as a barber shop since October 2025. Internally the property's ground floor is fitted with tiled floors throughout, drop accessed ceilings with spots, air conditioning and all mains services. The mezzanine floor offers scope to install treatment rooms and staff ancillary space. The unit is bright and is adjacent to Tesco, Specsavers and Regatta.

The sitting Tenant occupies the premises under a 4 year 9 month Lease. The Tenant proposes assigning their Leasehold interests to a third party who has multiple Barber shops in the Galway region. The proposed Assignee has requested a 10 year term with a Break Option at year 5.

This property offers prospective purchasers a high yielding investment, NIY 10.14%, with scope to enhance the ongoing return.