25 High Street, Killarney, County Kerry V93 X529€850,000

Description

INVESTMENT OPPORTUNITY!

Property Partners Gallivan together with joint agents Casey & Kingston Auctioneers are delighted to bring to the market this ground floor unit (approx. 4,316 sq ft) in a high profile desirable location in the centre of Killarney town adjacent to a number of renowned businesses and amenities.

This is an excellent opportunity to acquire a prime investment property with a tenant already in situ who will not be affected. A 10 year lease commenced 18/11/2021 with a rent review after year 5. The yearly rent is 46,000 per annum excluding VAT, paid quarterly in advance. At this rent and the guide price, the gross potential yield is 5.6%.

The unit benefits from a prominent location on one of the town`s main thoroughfares with substantial pedestrian and vehicular flow through. The propertyhas frontage (approx. 44 ft) to High Street. The property includes one parking space and is within easy walking distance of the High Street carpark and the adjacent Penneys carpark.

The property briefly comprises of reception area, two classrooms, private office, canteen with kitchen, male WC, female WC, wheelchair accessible WC and two store rooms.

Full planning permission was granted for change of use for Kerry ETB (Planning Permission number: KY21/915).

Features

• Excellent investment opportunity
• Ground floor unit (approx. 4.316 sq ft)
• High profile desirable location in the centre of Killarney town
• Adjacent to a number of renowned businesses and amenities
• Substantial pedestrian and vehicular flow through
• Unit includes one parking space
• Within easy walking distance of the High Street carpark and the adjacent Penneys carpark

Negotiator

Tadgh Gallivan

Directions

Eircode V93 X529

BER Details

BER: C2
BER No: 800668980
Energy Performance Indicator: 836.44 kWh/m2/yr