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The Phoenix Building

The Mall, Tralee, Co. Kerry

For Sale
Guide Price: €1,900,000
Property Highlights
High Profile Retail Investment Opportunity
Prime location in the Centre of Tralee’s Retail Core
Total floor area of approximately 663.7 sq. m 7,144 sq. ft
Occupied by Elverys Sports, CEX and Coffee Start
Total rent of €207,500 per annum
Tenants not affected
Guide Price €1,900,000
Net initial yield 10%
Property Location

Tralee is the county town of Kerry, situated in the southwest of Ireland. The population was 23,691 as of the 2016 census. The town is a popular tourist, retail and commercial location and benefits from its location 30km north of Killarney and 30km south of Listowel.


The subject property is situated along The Mall which is in the heart of Tralee’s retail core. The immediate area is home to a number of international and national occupiers including Penneys, Costa, Sports Direct, AIB and Easons. Other amenities in the area include Kerry University Hospital and Tralee Institute of Technology. Tralee Casement Train Station is situated 550m to the north east, whilst Kerry Airport is situated 20km to the south east.

Property Description

The property is arranged over ground, first and second floors to provide a multi tenanted retail building. Overall the total floor area extends to approximately 663.7 sq. m (7,144 sq. ft). The building benefits from independant street access to the upper floors. A summary of floor areas and tenancies is set out below:

Lease Terms
Unit  Tenant  Size Sq. Ft Lease Term  Lease Start   Rent PA Lease Expiry 
Unit D CeX (Complete Entertainment Exchange) Ltd 1,444 10 years 29.04.14 €60,000 29/04/2024
Unit B Stauntons Sports Ltd. t/a Elverys Sports  4,723 35 years  01/12/1985 €87,500 01/12/2020
Unit C Coffee Start 977 35 years  01/12/1985 €60,000 06/12/2020
          €207,500  

Prospective Purchasers are advised to satisfy themselves with regard to the accuracy of the measurements provided.

 

Property Size/Area
Approx. 663.7 sq. m (7,144 sq. ft)
Property Status
For Sale
BER Grade
Location Map

52.269372, -9.705632

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