Business Irish

Saturday 3 December 2016

NCT centres will get your yields motoring

Published 04/05/2011 | 05:00

Two Munster investment properties with a prospective yield of over 9pc are for sale and both are operating as NCT centres.

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With a lot size of 2,726sqm each, the first is located in Charleville, Co Cork and the second in Abbeyfeale, Co Limerick. Joint agents Knight Frank Ireland and GVM of Limerick are quoting €550,000 for the combined sale.

Ian McKee of Knight Frank estimates that at this price an investor would generate a net initial yield of 9.31pc after allowing for purchaser costs of 8.42pc.

Both NCT centre properties are let on similar leases, 30 years from the beginning of January 2000 with break options in years 10 and 20, and the next break option will arise more than eight years from now.

Irish Independent

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