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BER C1

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

Learn more

New Street, Killarney, Co. Kerry

€1,500,000
Investment Property For Sale | 5,398 sq. feet (501 sq. metres)
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Overview

Property Description:

Investment Summary:
- Superb opportunity to acquire modern retail units in a prime location within the tourist town of Killarney.
- Unit 3 is let under a single lease to GameStop producing a rent of €20,000 per annum. This lease will expire in August 2019.
- Units 4&5 are let on a single lease to Ulster Bank producing a rent of €86,500 per annum. This lease is not due to expire until November 2028. Upward only rent reviews.
- Units 9a & 9b are let to Horans Health Store. The combined contracted rent is €35,000 per annum. The combined current rent receivable is €17,125 per annum.
- Current rent receivable of €123,625 plus VAT per annum. Potential to increase rent roll with letting of Unit 9 and asset management opportunities.
- Guide Price of €1.5 Million (Exclusive of VAT) which equates to a Net Initial Yield of approx. 7.60%
- For Sale by Private Treaty in One Lot (Tenant not Affected)
Description
Property comprises of 5 modern retail units at the junction of New Street and Beech Road extending to a combined floor area of approx. 501.50 Sq. M. (5,398 Sq. Ft.).
Location
Property is in close proximity to Killarney Town Centre situated on the corner of Beech Road and New Street. The development is in an established commercial area in Killarney.

Guide Price
Offers in excess €1.5 Million (Exclusive of VAT)

BER Nos. available upon request

BER Details

BER C1

What is BER?

A Building Energy Rating (BER) indicates the energy performance of a property. Using a scale of A to G, higher rated homes will have lower energy bills.

Learn more
What's this?
BER No 80060714
Energy Performance Indicator: 714.39 kWh/m2/yr

Daft Property Shortcode:

https://www.daft.ie/5736749

Date Entered/Renewed:

20/5/2019 (29 days ago)

Property Views:

1,103
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Address:

New Street, Killarney, Co. Kerry

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George Hanley Assoc Director

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New Street, Killarney, Co. Kerry