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IrelandKerryTralee9/10 Denny Street, Tralee, Co.Kerry

€1,500,000
-€150,000.00 15th Jan 20

9/10 Denny Street, Tralee, Co.Kerry

Energy RatingOffice
#24 of 44 Properties Viewed in Tralee
Sherry FitzGerald Stephenson Crean
Sherry FitzGerald Stephenson Crean
Tel: 066 7180822
PSRA Licence No. 002275
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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.

Features

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

BER Details

BER: Exempt BER No: Performance Indicator:

Negotiator Details

Paul Stephenson

Viewing Information

Strictly by appointment with Sherry FitzGerald Tralee on 066 7180822
Price Changes in Tralee
Property Price Register in Tralee
Main image for 18 Denny Street, Tralee, Kerry
-€80,000(-21.05%)
€380,000€300,000
Main image for St Brendans Road, Tralee, Kerry
€25,000(12.82%)
€195,000€220,000
Main image for 9/10 Denny Street, Tralee, Co.Kerry
-€150,000(-9.09%)
€1,650,000€1,500,000
EXEMPT
Main image for "St Martins", Oakpark Road, Tralee, Co.Kerry, V92 VA49
-€60,000(-13.33%)
€450,000€390,000
E2
Main image for St Brendans Road, Tralee, Kerry
€15,000(8.33%)
€180,000€195,000
Main image for 1 Mitchels Road, Tralee, Co.Kerry, V92 XYF8
€5,000(1.69%)
€295,000€300,000
F
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