Athy bank sale under national portfolio

Athy bank sale under national portfolio

Bank of Ireland Athy

Athy’s Bank of Ireland branch at Emily Square is being sold by the Primacy Portfolio. The property group are 17 nationwide branches- which are rented on long term leases to the bank. 

 The Athy Branch is located in the historic town square and is leased on a 25 x 5 upward only FRI lease - which commenced in July 2007. The property currently commands a rent of €79,471 per year. 

While the sales advertisement does not advertise individual sales prices for the properties, the overall portfolio is listed as €28.5 million.

Murphy Mulhall and Cushman & Wakefield are joint vendors. 

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