121B Eyre Square Centre, Galway City Centre, Co. Galway

121B Eyre Square Centre is an excellent commercial investment property situated on the first floor of The Eyre Square Shopping Centre, the primary shopping destination in Galway.

The property is currently leased to Over The Moon, a dessert parlor, on a 10-year lease from December 2016, at '30,000 per annum. The property is expected to benefit from a rental uplift at the lease end, as the headline rent in December 2016 was '30,000 per annum. This rent was reduced to the following:

- 20th December 2021 - 19th December 2022 '24,000PA
- 20th December 2022 - 19th December 2023 '25,200PA
- 20th December 2023 - 19th December 2024 '26,400PA
- 20th December 2024 - 19th December 2025 '27,600PA
- 20th December 2025 - 19th December 2026 '28,800PA

The adjoining unit has recently been let for '63 per square foot, reflecting an approximate current market rent of '43,785 for 121B Eyre Square Centre.

A break clause can be initiated by either party on the 19th of December 2024. A notice period of 3 Months must be granted to the other Party.

Neighboring businesses include JD Sports, Insomnia Coffee, Costa Coffee, Evergreen Health Foods, Claire's Accessories, DV8, Subway, and Pennys.

This commercial property offers investors the opportunity to acquire an established unit in Galway City Centre.

The current lease details are available upon request.

For more information about this property, please contact our Commercial Director, Ryan Hanly, today.