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9/10 Denny Street, Tralee, Co. Kerry

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Property Description:

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 favor 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 favor 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 1985 p.m , 23,820 p.a

The whole building generates an income of 153,820 pa, this provides a gross yield of 9.3% based on the asking price.

Prime Town Centre Location
Let to Allied Irish Banks PLC
& The Kerryman Ltd
100% Occupancy
Subject to Two Tenancies

Daft Property Shortcode:


Date Entered/Renewed:

2/1/2020 (97 days ago)

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9/10 Denny Street
Negotiator Photo

Paul Stephenson

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