PRIME FLAGSHIP OPPORTUNITY SHOP STREET GALWAY
BER Exempt FOR SALE BY PRIVATE TREATY AN ICONIC FOUR STOREY OVER BASEMENT BUILDING SUPERBLY LOCATED ON GALWAY’S SHOP STREET
Bus Station
Train Station
Docklands Development Site Eyre Square
Dunnes Stores
Pandora
Tommy Hilfiger
Shop Street EXECUTIVE SUMMARY
Docklands A landmark Benefits from direct Development Site city-centre frontage onto Shop opportunity Street, Galway’s main shopping street
The property (491 sq. m) extends to The property approximately benefits from vacant 5,286 sq. ft possession
Within walking Largest Tourist distance of a number destination in the of transport links. West of Ireland
The Latin Quarter
Catchment Potential occupiers: population of restaurant/café, bakery, 258,552 service retail, pharmacy, giftware, footwear, fashion. LOCATION
GALWAY IS IRELAND’S LARGEST TOURIST LOCATION IN THE WEST OF IRELAND.
It is the fourth largest city in the The subject property is located on Shop Street, Republic of Ireland after Dublin, close to the intersection with High Street, Cork and Limerick and has an Galway’s busiest and most popular shopping immediate population of 79,934 streets with an extensive retail offering. Shop (Census 2016) and a wider Street retailers consist of Brown Thomas, Boots, catchment populations of circa Easons, Rituals, M&S, Tommy HilfergSketchers, 258,552. Galway was the holder Three and Lifestyle Sports to name a few. The of European Capital of Culture street offers n umerous tourist attractions, title for 2020. It boasts a large cafes, bars and restaurants. The subject property student population as it is home to adjoins Taaffes, one of Galway’s oldest and the National University of Ireland most popular bars. Galway train station is Galway accommodating 18,065 located within 600m and Galway coach station students. It is also the largest within 700m walking distance of the property business and retail town in the providing direct access from Dublin City and West of Ireland. neighbouring large towns.
LOCAL RETAILERS INCLUDE LOCAL INDUSTRY REPORT
Galway has an impressive track record in attracting industry and employment. The city’s entrepreneurial nature is central to the success of a myriad of Irish and multinational companies who have opted to base themselves in the region. The city offers a young highly-educated workforce and is home to some of the world’s most innovative companies. Source: CBRE Reasearch 258,552 Catchment population
79,934 Population
Galway employs one There is a significant Boston Scientific third of the country’s cluster of medical Ireland Ltd. employs 25,000 medical device companies 2,800 individuals device employees and located in Galway in Galway and the West accounts with Medtronic and Medtronic Vascular for 39% of regional Boston Scientific Galway Ltd. employs distribution of being the largest more than 1,850 18,065 medical devices. MNC employers. individuals. Students
Source: IDA Ireland DESCRIPTION
21 Shop Street is comprised internally of a four-storey retail unit extending to 5,286 sq. ft (491 sq. m) with a ground and first floor retail space, offices, staff changing rooms and storage on the second and third floors, with the existing fit-out in place. The ground floor and first floor permitted use is retail café use with a bakery located on the second floor. Storage and office space are both located on the third floor. The upper floors are accessed internally. Externally No 21 has a protected structure on the Record of Protected Structures (RPS) Ref 9306. The property is in good condition throughout and contains a lot of its original features.
The well-configured floor plates make the property an attractive, well-established prospect to various retail occupiers. It will also be an attractive flagship investment for local and international investors seeking expansion or new investment opportunities.
ACCOMMODATION SCHEDULE
Size Size Floor Use Sq. m Sq. Ft (NIA) (NIA)
Ground Retail 170 1,833
First Retail 174 1,876
Office/ Second 73 783 Storage Office/ Third 74 794 Storage
Total 491 5,286
All floor areas are approximate and interested parties are specifically advised to verify the floor areas and to undertake their own due diligence. AN ATTRACTIVE, WELL-ESTABLISHED PROSPECT TO LOCAL AND INTERNATIONAL INVESTORS R336
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GUIDE PRICE R336 Price on Application
R864 RATES PAYABLE www.cbre.ie www.beauchamps.ie €12,806 (2021) SOUTH PARK Riverside Two BER ANDRÉ BERG Sir John Rogerson’s Quay BER Exempt +353 (0) 1 618 5527 DublinGalway 2 Bay [email protected] trand Road VIEWINGS Whites Viewings are strictly by BERNADINE HOGAN DOMHNAILL SMALL appointment through the +353 (0) 1 618 5744 +353 (0) 1 418 0600 sole letting agent CBRE. [email protected] [email protected]
Grattan Road PSRA Licence No. 001528 Disclaimer: CBRE U.C., (CBRE Ireland) These particulars are issued by CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C., for themselves and for the vendor/ lessor whose agents they are, gives notice that: (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Brochure/Website prepared January 2021.