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15

€1,300,000

9/10 Denny Street, Tralee, Co. Kerry

11 sq. ft.

Office Space

Property Overview

  • Available From: Immediately

Description

  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 11 sq. ft.
9/10 Denny Street is a prime investment opportunity comprising a three storey georgian double fronted premises with three two bed apartments to the rear. The property has been recently refurbished. Both the ground floor and first & second floor benefit from independent access. To the western periphery of the building there is a pedestrian archway providing direct access to the three apartments. Ground Floor: 20 years from 26.06.2007 in favour of The Kerryman Ltd. Rent reviews every 5th year. Contains full repairing & insuring covenants and a break option in year 10. Rent 60,000 P.A First & Second Floor: 20 years from the 07.04.2008 in favour of Allied Irish Banks PLC t/a AIB Business Banking. The lease provides for rent reviews every 5th year. Contains full repairing & insuring covenants and a break option in year 10. Rent 70,000 P.A The three apartments are currently achieving a rental income of € 28,800 p.a The whole building generates an income of 158,800 pa, this provides a gross yield of 12.2 % based on the asking price. Prime Town Centre Location Let to Allied Irish Banks PLC & The Kerryman Ltd 100% Occupancy Subject to Two Tenancies

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BER Details

SI_666

Statistics

14/05/2021

Entered/Renewed

5,046

Property Views

Daft ID: 5720455

Paul Stephenson – PSRA No. 002275-003114's logo
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Paul Stephenson – PSRA No. 002275-003114

Sherry FitzGerald Stephenson Crean Property Management & Sales Advisors

PSR Licence Number: 002275

066 71 80822 or 066 7180822

Sherry FitzGerald Stephenson Crean Property Management & Sales Advisors, Property Management / Auctioneers / Estate Agents. 28 Denny Street, Tralee, Co Kerry

Paul Stephenson – PSRA No. 002275-003114's logo
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Paul Stephenson – PSRA No. 002275-003114

066 71 80822
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