Citypoint Galway, Prime mixed-use investment opportunity

€21,500,000

Beds
Price	€21,500,000
Property Type	Investment Property
Size	7608.6 meters²
Energy Rating	BER-
Refreshed on	Mar 14, 2024
Eircode

Description

Citypoint comprises a purpose-built, mixed-use building extending to a lettable floor area of approx. 81,899 sq ft (7,608.7 sq m), arranged over a triple basement with six upper floors. The scheme provides for a mixture of uses, as follows: There is retail space located at ground and first floors, extending to approx. 40,000 sq ft over two levels and accounting for 43% of current income. It is occupied in its entirety by TK Maxx. The office accommodation on the second and third floor levels benefits from own door access. It extends to more than 21,000 sq ft and accounts for 33% of current income. It is let entirely to MathWorks. Hotel & leisure related uses comprise almost 20,000 sq ft and account for 23% of current income. An aparthotel, comprising 17 high-end one and two bed units, is situated on the third and fourth floor levels, along with a three-bedroom penthouse on the fifth floor. The units are occupied under commercial lease terms to the neighbouring Western Hotel. There is a gym operated by Snap Fitness which is situated predominantly at basement level accessed via a ground floor reception. Three basement levels provide for 93 car parking spaces with remote controlled 24/7 access available at the rear of the building.

Features

High profile, central location off Eyre Square Extends to a lettable area of 81,899 sq ft (7,608.7 sq m) Annual rent in excess of €1.86m WAULT of c. 6.6 years to nearest break options (c. 8.7 years to expiry) 100% occupied. Tenants include TK Maxx, Mathworks, Snap Fitness & Western Hotel Benefits from excellent transport links

BER Details

BER rating B3-C3

Directions

Citypoint is located in the city of Galway, on the west coast of Ireland. Galway is the third largest city in Ireland and has a population of 277,737. It is approx. 210km from Dublin. The property is strategically located at the northeastern edge of Eyre Square and is located a three minute walk from retail thoroughfares Shop Street and William Street.

Negotiator

Brendan Delaney

Description

Features

BER Details

BER rating B3-C3

Directions

Negotiator