33 Shop Street, Galway - SOLD
The subject property is located at the junction of Shop Street and Church Lane directly opposite River Island and Tommy Hilfiger. Shop Street offers a unique shopping experience with a wide array of retail outlets. The street is home to local, national and international retailers Schuh, Lifestyle Sports, Holland & Barrett and Boots, with Brown Thomas, Edwards Square and Eyre Square Shopping Centre nearby on William Street. These occupiers combined with a host of tourist attractions, bars and restaurants generate consistently high levels of footfall throughout the year.
The city has a strong local economy hosting a variety of multinational companies including four of the top five ICT companies (IBM, SAP, Oracle and Cisco) and two of the largest medical device companies, Medtronic and Boston Scientific. Galway is also home to the National University of Ireland Galway (NUIG) and Galway Mayo Institute of Technology (GMIT) which collectively cater for excess 27,000 students.
After Dublin, Galway is the most popular tourist destination in Ireland attracting more than 1.7 million overseas visitors, spending approximately €589 million. This is in addition to the 1 million Irish residents visiting annually for high-profile events such as The Galway Arts Festival, The Galway Races and The Galway International Oyster Festival.