Prime retail investment

Rooney auctioneers is offering a superb opportunity to purchase a prime retail investment along one of Galway’s leading pedestrian shopping streets.

No 10 High Street is a substantial three storey building of c1,445sq ft (134.3sq m ) with retail use on the ground and first floors and second floor storage.

This property is fully let on a new 21 year full FRI tenancy lease from March 2017, with five yearly rent reviews and with an annual rent roll of €60,000, which with an AMV of €850,000 would represent an excellent seven per cent yield.

The tenant, Aunty Nellie’s Sweet Shop, is proven, having occupied the property on a previous short term tenancy for five years and with 14 other stores around Ireland. It is further secured by guarantee by AV Pound Ltd, an extremely strong parent associated company with very strong track record and accounts.

Contact Ronan Rooney on 091 567391/087 2519918, email [email protected].

 

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