Large retail investment for sale in Killarney

A sizeable retail investment in one of Killarney town’s most central modern developments, the Courtyard, has come for sale on behalf of three private investors, offering a c 12% return to a new owner.

The offer, hoping to find new investors who’ll pick it up before the end of year’s expiry of valuable Capital Gains Tax exemptions if held for seven years, is made up of 11 retail units in the Courtyard, close to Killarney’s train station, the discount centre and the recently sold Malton Hotel.

The mixed-use development, over five levels on a 0.8 acre site acquired over a decade ago for €3.75m, was designed by Campbell O’Sullivan architects with overhead apartments, and has 20,000 sq ft of retail space in eleven units.