25 High Street, Killarney, Co. Kerry

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€850,000

Investment Property For Sale
4,316 sq. feet (401 sq. metres)

Rating:

Contact Name: Samuel Kingston

Selling Agent: Casey & Kingston

PSR Licence Number: 001643

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Property Description

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. 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 entire building is situated on a site extending to approx. 1.01 acres with 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
Investment

BER Details

BER No. 800668980

Energy Performance Indicator: 836.44 kWh/m2/yr

This property was last updated: yesterday morning


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Subject: Investment Property For Sale in 25 High Street, Killarney, Co. Kerry
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Selling Agent

Casey & Kingston
43 Grand Parade Cork

Contact Name: Samuel Kingston

PSR Licence Number: 001643

Show Number
This Investment Property For Sale located at 25 High Street, Killarney, Co. Kerry is currently for sale. This property was last updated by Casey & Kingston 1 day ago. 25 High Street, Killarney, Co. Kerry is priced as: €850,000 and has 4,316 sq. feet (401 sq. metres). View all properties for sale in Killarney, Co. Kerry. View investment property for sale in Killarney, Co. Kerry.
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25 High Street, Killarney, Co. Kerry