SUPERB INVESTMENT / TENANTS NOT AFFECTED
* STRONG COVENANT-MULTINATIONAL TENANT
* STAND ALONE PROPERTY- 1.4 ACRE SITE
* NO MANAGEMENT FEES
* FRI 9.5% ANNUAL YIELD
* GOOD COMMERCIAL LOCATION
* 25 YEAR LEASE
* NEW BUILDING
Yielding €130,000 PA = 9.5% annual return NET.
Recently constructed modern commercial development / food court measuring approximately 4876sq.ft. / (453m2) and standing on a site measuring c.1.4 acres in a business park in the suburbs of Tralee.
Opened to trading in July 2013 it
is currently leased to Petro Gas Ltd. (Applegreen Parent Company) on a 25 year FRI (full repairing and insuring lease by the tenants).
The agreed lease has an annual passing rent of €130,000.
Currently trading from the Tralee Food Court under the Petro Gas umbrella are Burger King, with eat-in and drive-thru facilities, SubWay and The Bakewell Café which compliment each other and ensure a constant level of activity within the centre throughout its long opening hours.
There is ample potential for further development on the site and an abundance of car-parking.
The property has been constructed to the highest standards and this is reflected in its excellent B3 high energy rating. It is also very well designed both internally, in its purposeful layout and externally with its stone fronted façade, setting it apart and giving it a unique appearance.
Full details are available from Dermot O'Meara on 086 2551082.