Kilkenny investment could generate 9.56pc yield
A retail investment opportunity in Kilkenny City could generate a yield of 9.56pc at its asking price of €800,000. Located in Market Cross Shopping Centre in the heart of Kilkenny, the 161sqm unit is operated as a Wallis fashion store. The passing rent is €80,000 per annum exclusive.
Wallis is part of the Arcadia Group which has a 25 year lease since 1996 incorporating five yearly upwards only rent reviews. The 2011 rent review remains outstanding.
Agents DNG Commercial point out that it is located on the first floor opposite the food anchor, Superquinn.