|Commercial Type||For Sale|
|Tel||066 71 80822|
|Address||9/10 Denny Street, Tralee, Co. Kerry|
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
Subject to Two Tenancies
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