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
Strictly by appointment with Sherry FitzGerald Tralee on 066 7180822