9 & 9b Lower John Street, Kilkenny
€699,000
Block [multi-units]
Description
Prime Investment Opportunity - Kilkenny City Centre
Address: 9 Lower John Street, Kilkenny, Co. Kilkenny, R95 TD42
Guide Price: €600,000
Investment Summary
An exceptional opportunity to acquire a high-yield, development-ready asset in the heart of Kilkenny's bustling hospitality district. Currently producing a secure annual income of €38,600, the property also offers immediate upside potential-with vacant upper floors ready for the reinstatement of up to four residential units without planning permission. This value-add opportunity has the potential to deliver a total projected return in excess of €100,000 per annum.
Tenancy Overview -
Ground Floor
Two well-established commercial tenants provide stable income:
Marble City Barbers - Kilkenny's leading barbershop and a tenant for over 25 years.
Vape Shop - Part of a successful family-owned chain of five stores.
Development Potential - Upper Floors 1st, 2nd and attic floors are vacant and previously housed four pre-1963 residential units. Units can be reinstated without planning permission under existing use. Eligible for grants under the Vacant Property Refurbishment Grant and Repair & Lease Scheme.
Prime Location
Benefits Located in Kilkenny's vibrant hospitality hub, just 2 minutes from Langton's Hotel. Surrounded by popular destinations such as The Dylan Whisky Bar, Tynan's Bridge House, and Biddy Early's. Short walk to the new Abbott Laboratories site (800+ jobs), boosting demand for quality residential units.
Financial Highlights
Current Rental Income: €38,600 per annum
Current Gross Yield: 6.43%
Projected Rental Income (with residential): €100,000+ per annum
Projected Gross Yield: 16.6%+
Incentives: Eligible for government refurbishment and leaseback grants
The Investment Case
This property presents a rare blend of: Secure income from established tenants Immediate development upside with no planning risk Strategic location in a thriving cultural city Attractive gross yields with long-term capital growth potential
For further information or to arrange a viewing, contact us today.
Address: 9 Lower John Street, Kilkenny, Co. Kilkenny, R95 TD42
Guide Price: €600,000
Investment Summary
An exceptional opportunity to acquire a high-yield, development-ready asset in the heart of Kilkenny's bustling hospitality district. Currently producing a secure annual income of €38,600, the property also offers immediate upside potential-with vacant upper floors ready for the reinstatement of up to four residential units without planning permission. This value-add opportunity has the potential to deliver a total projected return in excess of €100,000 per annum.
Tenancy Overview -
Ground Floor
Two well-established commercial tenants provide stable income:
Marble City Barbers - Kilkenny's leading barbershop and a tenant for over 25 years.
Vape Shop - Part of a successful family-owned chain of five stores.
Development Potential - Upper Floors 1st, 2nd and attic floors are vacant and previously housed four pre-1963 residential units. Units can be reinstated without planning permission under existing use. Eligible for grants under the Vacant Property Refurbishment Grant and Repair & Lease Scheme.
Prime Location
Benefits Located in Kilkenny's vibrant hospitality hub, just 2 minutes from Langton's Hotel. Surrounded by popular destinations such as The Dylan Whisky Bar, Tynan's Bridge House, and Biddy Early's. Short walk to the new Abbott Laboratories site (800+ jobs), boosting demand for quality residential units.
Financial Highlights
Current Rental Income: €38,600 per annum
Current Gross Yield: 6.43%
Projected Rental Income (with residential): €100,000+ per annum
Projected Gross Yield: 16.6%+
Incentives: Eligible for government refurbishment and leaseback grants
The Investment Case
This property presents a rare blend of: Secure income from established tenants Immediate development upside with no planning risk Strategic location in a thriving cultural city Attractive gross yields with long-term capital growth potential
For further information or to arrange a viewing, contact us today.
Accommodation
Note:
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
