We have updated our Cookie Policy

Daft.ie uses cookies to give you the best possible experience when using our service; to offer additional functionality, to personalise content and advertising, to analyse our traffic, and to provide social media features. We also share information about your use of our service with our partners. By continuing to use our site we'll assume that you are happy to receive all cookies on Daft.ie. Please read our for more information on how we use cookies and how you can manage your preferences.
continue

9/10 Denny Street, Tralee, Co. Kerry

€1,650,000
Office For Sale | 
  • Overview
  • Map View
  • Other properties from this agent

Overview

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:

https://www.daft.ie/5720455

Date Entered/Renewed:

28/6/2019 (55 days ago)

Property Views:

955
Show on Map

Road map

Map Legend:

Exact Location Match Exact location match

Address:

9/10 Denny Street
Negotiator Photo

Paul Stephenson

Contact me about
this or any of our
listed properties.

sending_reply

Sending Reply

Terms of Use

We want you to know exactly how our service works, why we need your details, how we process that information as well as your rights and responsibilities. Please state that you have read and agree to our Terms of Use before continuing.

Send message
Share on:
Viewing 1 of 15 photos
Picture No. 06