Lot

1

Northpoint Retail Park, Tuam Road, Co. Galway, H91 Y681

Bidding Closed

SOLD FOR

€2,225,000

Property Enquiries

Gillian Earley

gillian.earley@bidx1.com
+353 (0)1 667 3388

Viewing Registration / Enquiries

BidX1 Support Team

info@ie.bidx1.com
+353 (0) 1 667 3388

Vendor Lawyer

Michael Ryan

info@mgryan.com
+353 (0)91 56 4011

Description

Map

Viewings


Property Summary
  • A mixed office and retail building.
  • Comprising 7 x retail warehouse units, 3 x warehouses and 6 x office units arranged over lower ground, ground, first and second floors.
  • Car parking includes 240 basement spaces and 190 surface spaces.
  • Total floor area extending to approximately 11,024 sq. m (118,750 sq. ft) in total.
  • Unit 1 let to DDKJ Ltd.
  • Total current rent reserved €30,000 per annum.
  • Vacant possession of 6 x retail warehouse units, 3 x warehouse units and 6 x office units.
Location
  • Galway is the third largest city in Ireland with an urban population of some 80,000 people (as of the 2016 Census).
  • The city is situated approximately 98km north of Limerick and approximately 85km west of Athlone.
  • Transport links are provided by the M6 Motorway which is situated approximately 5km to the east, public transport is served via a number of bus routes and Ceannt Rail Station.
  • The property is situated on the the Tuam road directly opposite Colm Quinn BMW Garage.
  • Surrounding area is predominantly a mix of retail and industrial parks.
Description

The property is arranged over lower ground, ground and two upper floors to provide a detached retail and office building. Internally the property comprises 2 x lower ground retail warehouse units, 3 x lower ground warehouse units, 5 x upper ground retail warehouse units, 3 x first floor office units and 3 x second floor office units. The vacant units are finished to a shell and core specification except for Unit 7 which has a part fit out. The property also benefits from basement car parking for 240 spaces together with a further 190 surface spaces.

For the avoidance of doubt the property does not include the entire retail park.

We are advised by the Vendor that the property has structural defects.

VAT
Please refer to Legal Documents
Property Table
    Total 11,024 sq. m (118,750 sq. ft)     €30,000 p.a.
Unit Floor Accommodation Sq. m (Sq. ft) Tenant Lease Terms Current Rent € p.a.
1 Lower Ground Retail Warehouse 871 9,382 DDKJ Ltd Furniture 3 month rolling agreement since 2015 with 3 months notice period to break €30,000
2 Lower Ground Retail Warehouse 821 8,844 Vacant   -
3 Lower Ground Retail       SOLD
4 Lower Ground Retail       SOLD
5 Lower Ground Warehouse 721 7,767 Vacant   -
6 Lower Ground Warehouse 693 7,465 Vacant   -
7 Lower Ground Warehouse 1,022 11,002 Vacant   -
8 Upper Ground Retail Warehouse 730 7,862 Vacant   -
9 Upper Ground Retail Warehouse 656 7,068 Vacant   -
10 Upper Ground Retail Warehouse 656 7,068 Vacant   -
11 Upper Ground Retail Warehouse 640 6,893 Vacant   -
12 Upper Ground Retail Warehouse 1,657 17,845 Vacant   -
13A First Floor Office       SOLD
13B First Floor Office 420 4,523 Vacant   -
14 First Floor Office 669 7,205 Vacant   -
15A First Floor Office       SOLD
15B First Floor Office 442 4,766 Vacant   -
16 First Floor Office       SOLD
17A Second Floor Office       SOLD
17B Second Floor Office 173 1,867 Vacant   -
18 Second Floor Office 640 6,899 Vacant   -
19 Second Floor Office       SOLD
20A Second Floor Office       SOLD
20B Second Floor Office 213 2,294 Vacant   -
BER
Number

Available from BidX1

Energy Performance Indicator

550.7kWh/m²/yr - 667.45kWh/m²/yr

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.