Corrib Shopping Centre on sale for €18.5m

0
2819
Galway Daily business Corrib Shopping Centre on sale for €18.5m

Corrib Shopping Centre in the heart of Galway City is up for sale with an €18.5 million price tag.

The 9,177m² (98,786 sq ft) shopping centre on Eyre Street is being advertised for sale by Colliers investment management company.

Only one of the units in the centre is currently vacant, and in 2019 it saw approximately 3.27 million people pass through its doors.

Key retailers within the centre include the only Marks and Spencer store in the west of Ireland, in addition to Sports Direct, Peter Mark and Carraig Donn.

Along with the stores it also has a leasehold and profit sharing agreement in a 576 space multi-storey car park.

The shopping centre has a net income of approximately €1,846,707 per annum.