Investment Property – Tenants Not Affected – 25 Kilkerrin Park, Galway City, Galway

FOR SALE - Investment Property

(Tenant Not Affected)

25 Kilkerrin Park, Liosban Industrial Estate, Galway

Description:
Entire (two storey) industrial premises for sale subject to the current tenancy. Well known and well established location at Kilkerrin Park, Liosbaun Industrial Estate. Number 25 is a mid terrace two storey building currently occupied under a 4 year 9 month letting agreement from 17th September 2021, in use as a gym. The premises which is laid out over two levels extending to approximately 1,830 sq.ft comprises open plan workout space together with toilets, shower and changing facilities.

Location:
The subject property is centrally located in Liosbaun Industrial Estate, between the Tuam Road and Headford Road and within close proximity to the city centre and all main arterial routes. The immediate location is home to businesses of all kinds from industrial / office / retail / cafe & restaurant and in indeed residential apartments, notably those at the adjacent Centrepoint scheme. It is an area well served with financial institutions including AIB & Ulster Bank. Liosbaun Industrial Estate is within walking distance of Eyre Square.

Tenancy:
The demised premises are subject to a tenancy from 17th September 2021 for a term of 4 years & 9 months at a current rent of €12,000 per annum, which shall be increased at a rate of 2% per annum compounded.