Park Court, Killarney, Kerry

€2,500,000

V93XR5V 1068.3845 m²

Park Court, Killarney, Kerry

€2,500,000

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Beds
Price	€2,500,000
Property Type	Investment Property
Size	1068.3845 meters²
Energy Rating	BER-C3
Refreshed on	Mar 21, 2024
Eircode	V93XR5V

Description

Prime Investment opportunity located in the heart of Killarney town centre. Ground and first floor office units in an impressive four storey mixed use property which extends to ground floor 7,600 sq ft and first floor 3,627 sq ft. The units are superbly laid out with raised access floors, suspended ceilings, air conditioning and category 5 cabling in addition to floor to ceiling windows. For the avoidance of doubt the tenants are not affected by this sale.

Features

Investment opportunity located in Killarney town centre; High profile office / retail units; Strong rental covenant in place with Government tenants; Currently let on a 20 year lease from April 2008 at passing rent of €205,570 per annum; The unit extends to ground floor area of 7,600 sq ft (706 sq m) and first floor area of 3,627 sq ft (336 sq m); The property is offered for sale with the benefit of the existing tenants with scope for further rental income. Gross yield 8.2%.

Directions

The subject property is located in the centre of Killarney town adjacent to Killarney Credit Union, Killarney Tourist Office and the Plaza Hotel. Access to Killarney National Park is directly across the road. Park Court occupies a pivotal position in the centre of Killarney town with immediate access to excellent parking facilities. All of Killarney's town centre amenities are within walking distance.

Negotiator

Donal Culloty

Description

Prime Investment opportunity located in the heart of Killarney town centre. Ground and first floor office units in an impressive four storey mixed use property which extends to ground floor 7,600 sq ft and first floor 3,627 sq ft. The units are superbly laid out with raised access floors, suspended ceilings, air conditioning and category 5 cabling in addition to floor to ceiling windows. For the avoidance of doubt the tenants are not affected by this sale.

Features

Investment opportunity located in Killarney town centre; High profile office / retail units; Strong rental covenant in place with Government tenants; Currently let on a 20 year lease from April 2008 at passing rent of €205,570 per annum; The unit extends to ground floor area of 7,600 sq ft (706 sq m) and first floor area of 3,627 sq ft (336 sq m); The property is offered for sale with the benefit of the existing tenants with scope for further rental income. Gross yield 8.2%.

Directions

The subject property is located in the centre of Killarney town adjacent to Killarney Credit Union, Killarney Tourist Office and the Plaza Hotel. Access to Killarney National Park is directly across the road. Park Court occupies a pivotal position in the centre of Killarney town with immediate access to excellent parking facilities. All of Killarney's town centre amenities are within walking distance.

Negotiator

Donal Culloty

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REA Coyne & Culloty

Tel: 064 6...

PSRA Licence No. 001042

Date created: Mar 21, 2024