Purpose built four storey office investment property extending to approx. 3,044 sq m (32,766 sq ft) - 93 sq m (1,006 sq ft) of which is under separate ownership.
Current rent receivable of €208,235 per annum.
Excellent position on Lower New Street, within minutes’ walk of the city centre at High Street.
Car parking to the rear of the property for approximately 10 car spaces.
Tenants include Fresenius Medical Care, Kilkenny County Childcare Committee and Kilkenny Area Supported Employment.
Excellent opportunity for capital appreciation through the letting of approx. 1,462 sq m (15,739 sq ft) of vacant space.
Guide price of €1,500,000 reflecting an attractive Net Initial Yield (NIY) of 13.29%, assuming standard purchasers costs of 4.46%.
BER Rating: BER G
BER Number: 800373359
Energy Performance Indicator: 2105