9 hours Ago
An investment property let to AIB Bank on Celbridge’s Main Street in Co Kildare has come to the market and agent Coonan Property is guiding €1,050,000 for it. AIB is paying €87,000 in annual rent equating to a yield of about 9pc. The bank sold the property about 10 years ago to a private investor and agreed a 20-year lease which runs until 2030.
That lease includes upward-only rent reviews every five years and one of these is due next year. Located on a prominent corner site at the junction of Main Street and a road called Kings Archway, the property comes with a rear car park which is accessible from the side. Extending to 3,192 sqft, the property comprises a two-storey building laid out for banking services with rooms including banking hall, secure cash room, boardroom, interview rooms, offices, kitchen, locker room and staff toilet.
AIB in Main St, Celbridge, Co Kildare Celbridge is the third largest town in Co Kildare with a population of over 20,000 people. The wider area is home to many multinational businesses including Intel in Leixlip, Celbridge Business Park, Kildare Innovation Campus and more. It is also convenient to Maynooth University.
Because of its road infrastructure and proximity to the M4 motorway, Celbridge has become a burgeoning commuter town, enhanced by its location in the Liffey Valley Conservation Area where Castletown House and Demesne is a key visitor attraction for Ireland’s Ancient East..
