The Bank Of Ireland building in Castle Street is on the market with a €2.5m guide price.
THE Bank Of Ireland building on Castle Street has been put up for sale, at a guide price of €2.5m, with Sherry Fitzgerald Stephenson Crean in Denny Street.
The tenant will be unaffected by the sale as the entire building is held under a 25 year lease let to Bank Of Ireland from November 2006. Passing rent is €277,584.
“The property represents an excellent opportunity to acquire a prime investment with an excellent rent roll. An 11 per cent yield is an superb return for the investment,” said Paul Stephenson of Sherry Fitzgerald Stephenson Crean.
The property is described as a prime investment property situated in Tralee town centre occupying a high profile position.
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It comprises a three storey commercial premises, described as having excellent footfall adjacent to The Mall and Denny Street with dual access to St John’s Car Park.
The entire area is 785 sq m (8450 sq ft) with ground floor banking hall, ancillary offices firstst floor mezzanine with 2nd and 3rd floors comprising boardroom managers office and canteen on top floor.
Contact Sherry Fitzgerald Stephenson Crean on 066-7180822 for more details.
