9 & 9b Lower John Street, Kilkenny
9 & 9b Lower John Street, Kilkenny
Price
€600,000
Type
Block [multi-units]
Status
For Sale
Description
No. 9 & No. 9B Lower John Street, Kilkenny City - R95 TD42 & R95 C4P6
Guide Price: €600,000
Current passing rent from ground floor retail units €38,600.00 (With upper floors vacant)
Potential passing rent on first and second floor, with 2 x apartments €28,800.00
Total potential passing rent €67,400.00
An Outstanding Investment Opportunity in Kilkenny City
Don't miss this rare chance to acquire a substantial mixed-use property in the highly sought-after location of Lower John Street, Kilkenny City. This three-storey building, extending to approximately 2,574 sq. ft., combines two tenanted retail units on the ground floor with vacant upper floors offering immense development potential.
The vacant first and second floors present a prime opportunity to develop two residential apartments, with potential eligibility for grants such as the Vacant Property Refurbishment Grant or the Repair & Lease Scheme, subject to application approval. The property is offered in one lot, making it an attractive prospect for investors or developers looking for both immediate returns and future growth potential.
Property Details
Ground Floor - Retail Units (Tenants Not Affected)
Unit No. 9
Size: 678.12 sq. ft. / 63 m²
Fully tenanted retail shop with consistent rental income.
Unit No. 9B
Size: 538.19 sq. ft. / 50 m²
Fully tenanted retail shop with consistent rental income.
First & Second Floors - Residential Potential
The upper floors are vacant and offer excellent potential for refurbishment. Once redeveloped, these floors can accommodate two spacious apartments, providing significant additional rental income.
Key Highlights
Prime Location: Situated in the vibrant Lower John Street area, with proximity to Kilkenny's bustling city center, key amenities, and transport links.
Immediate Returns: Established tenants in the retail units ensure a steady income stream from day one.
Development Potential: Vacant upper floors are a blank canvas, perfect for creating modern residential apartments to meet high demand.
Grant Eligibility: Potential qualification for government schemes such as the Vacant Property Refurbishment Grant and Repair & Lease Scheme, subject to approval.
Versatile Investment: Suitable for a variety of uses, providing flexibility to align with investor goals.
For more information or to schedule 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.