9/10 Denny Street, Tralee, Co. Kerry

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 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

BER Details