Banking on a great return as  Tralee town centre bank comes on market

Private investors are being invited to become ‘King of the Castle,’ as a Tralee town centre bank, occupied by Bank of Ireland on Castle Street, is being touted for sale, with an attractive rental income of €277,000 pa.

The three-storey building at Castle Street runs to over 8,000 sq ft, with traditional, sweeping facade and more modern rear office sections. It carries a guide of €2.5 million via estate agent Paul Stephenson of Sherry FitzGerald Stephenson Crean, equating to a gross yield of 11%– better than any bank deposits return.

Its held under a 25-year lease, let to Bank Of Ireland from November 2006.