INVESTMENT PROPERTY ForFOR Sale SALE by byPrivate Private Treaty Treaty

Unit 124 Eyre Square,

• Prime retail investment opportunity in the heart of Galway City Centre • Excellent Covenant, providing a passing rent of € 66,115.70 per annum • Unit extends to approximately 2,250 sq.ft. (209 sq.m.) • Tenant has recently invested significantly in refurbishing the property to a high standard.

Jones Lang LaSalle Rooney Auctioneers & Chartered Surveyors Zoe Gray Ronan Rooney [email protected] [email protected]

Ph: 016731692 Ph: 087 2519918

www.joneslanglasalle.ie www.rooneys.ie UNIT 124, EYRE SQUARE, GALWAY

Location

This high profile ground floor unit has superb frontage onto Victoria Street and Eyre Square in the heart of Galway City Centre. It is part of the Eyre Square Shopping Centre and enjoys a high volume of passing footfall. The primary retail core of William Street, and Edward Square Shopping Centre are all less than two minutes’ walk from the property.

Galway City Centre is the premier retail destination of the West of . Galway City benefits from a high tourist population and hosts a range of vibrant festivities and events each year including the , Galway Arts Festival and te Volvo Ocean Race. Galway City populateon is made up of 20% students as it is home to two third level colleges, the National University of Ireland Galway and Galway Mayo Institute of Technology.

Description

Unit 124 Eyre Square is a prime grond floor retail property. Extending to approximately 2,250 sq.ft. KBC Bank Ltd. have recently carried out an extensive high quality modern refrubishment. The ground floor glass facade of the unit provides a welcoming generous frontage of 15 Metres onto Victoria Place / Eyre Square. The internal specification includes raised access floors, plastered and painted suspended ceilings incorporating light fittings. INVESTMENT PROPERTY

Tenancy Schedule

Tenant Commencement Break Option Termination Rent

One Direct 1st January End of the 1st January € 66,115.70 (Ireland) 2011 5th year 2021 T/a KBC Bank, Ltd.

Tenancy Information

The property is let by way of lease assignment dated 4th November 2012 to One Direct (Ireland) Ltd trading as KBC Bank. KBC Bank currently occupy this unit on a 10 year lease at € 66,115.70 per annum from 1st January 2011, with a break in the fifth year. If the break option is not exercised there is a further 6 months rent free at the beginning of the 6th year.

KBC Bank took occupation of the bank in August 2013 and undertook a hugely impressive fitout of the property. Details of the fitout are available on requesst.

KBC Ireland Ltd is a Bank that provides a complete range of banking services in Ireland including deposits, corporate, treasury, and business banking. They have over 700 employees in banking locations such as Dublin, Cork, Limerick, Belfast and Galway.

BER

BER: D2 BER No: 800056277 EPI: 1243.57 kwh / m² / yr 1.95

Viewings

Strictly by appointment with agents. INVESTMENT PROPERTY

Jones Lang LaSalle Rooney Auctioneers & Zoe Gray Chartered Surveyors [email protected] Ronan Rooney [email protected]

Ph: 01 6731692 Ph: 087 2519918

www.joneslanglasalle.ie www.rooneys.ie

The particulars and information contained in this brochure are issued by Jones Lang LaSalle on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of the particulars and information they do not constitute an invitation to treat, an offer or a contract of any nature whether express or implied. All descriptions, dimensions, maps, plans, artists’ impressions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only and may be subject to change, without prior notification. The particulars and information are given in good faith but no intending purchaser/tenant should rely on them as statements or representations of fact and is specifically advised to undertake its own due diligence (at its own expense) to satisfy itself as to the accuracy and/or correctness of the particulars and information given. None of Jones Lang LaSalle, its employees, agents or affiliate companies, makes any warranty or representations whether express or implied with respect to the particulars and/or information and which are to the fullest extent permitted by law, disclaimed; furthermore, such parties accept no liability in respect of any loss suffered by any intending purchaser/tenant or any third party arising out of the particulars or information. Prices are quoted exclusive of applicable taxes such as VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any applicable taxes or VAT arising out of the transaction.