€2.7m for BoI Letterkenny building

23rd December, 2014
€2.7m for BoI Letterkenny building

DTZ Sherry FitzGerald and Sherry FitzGerald Rainey are quoting almost €2.7 million for a well secured bank investment in Letterkenny, Co Donegal.

The attractive freehold property is exclusively let to Bank of Ireland on a 25-year full repairing and insuring lease from September 2011 with no break options thus giving a lengthy unexpired lease term of 21.86 years.

Currently generating €190,000 per annum, the lease allows for five yearly fixed 15 per cent uplifts for the duration...

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