The property comprises a three storey building with plastered and painted elevations, fronting the Main Street with a single storey extension which connects the front section with a two storey building to the rear. The entire ground floor accommodates the bank, while the upper two floors in the front section are laid out in residential use. The first floor in the rear section accommodates the canteen, toilet and changing facilities. The ground floor has a carpeted and tiled floor, plastered and painted walls and an acoustic tiled ceiling with recessed lights.
To the rear is a large site with access via a side laneway. Externally the property has plastered and painted elevations. The fronted section of the property has a flat roof hidden behind a parapet wall with roof lights provided natural light to the second floor while the rear section has a pitched and tiled roof.
Loughrea is a busy provincial town located 179 km west of Dublin and
35 km east of Galway on the busy N6. The town has a population of 4,836 (Census 2006). The principal employer in the town is Sigma Healthcare.
The property is located mid way along the main street of Loughrea on the northern side of the street. The property fronts onto the main street and also has rear frontage onto a pedestrian laneway running parallel with the main street. There is side access to the property through an archway and iron gate leading from the main street.
Surrounding occupiers include Walsh’s Pharmacy, Health and Social Services Centre, the Post Office and the Department of Food and Agriculture.
The property is zoned ‘Commercial’ – in the Loughrea Local Area Plan 2005-2011.
The property is being let to the Governor & Company of the Bank of Ireland under a new 25 year FRI lease from completion. The lease allows a tenant option to break at the end of the fifteenth year by providing 6 months written notice.