9 & 9b Lower John Street, Kilkenny, R95 TD42

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.