Office for sale
Ireland - 9/10 Denny Street, Tralee, Co.Kerry
like this property?Call: 03339 391163
- Prime Town Centre Location
- Let to Allied Irish Banks PLC
- & The Kerryman Ltd
- 100% Occupancy
- Subject to Two Tenancies
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.
- Kerry (INTERNATIONAL), 10.2 miles
- Shannon (INTERNATIONAL), 44 miles
- Cork (INTERNATIONAL), 59.3 miles
- Connemara (LOCAL), 67.3 miles
- Connemara (LOCAL), 67.4 miles
*Distances are straight line measurements. This feature is currently in beta.