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)
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: C2
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.