Former Bank of Ireland branch up for sale
The former Bank of Ireland branch in Edenderry is on the market with a pricetag of €550,000.
Dating from 1890, the three-storey premises on JKL Street closed its doors as a bank in October of 2021.
Located in the centre of Edenderry, the building is marketed as an “investment property” by the BidX1, the digital auction house who are handling the sale.
Extending to 3,832 square feet across three floors, the former bank branch is desribed as being of “traditional construction” with a pitched slate, tiled roof and red brick walls. The property has timber sash windows with stone sills to upper storeys and round-headed windows at ground floor.
A protected structure, “it has 9.6 years secure income from Bank of Ireland” according to the marketing documents on the daft.ie website.
"The bank has ceased trading from this location but remain as tenant," it added.
The property has a current rental income of €61,375 per annum and the 25-year lease from 2007 has another 9.6 years to run. An upward only rent review is in place every five years or upwards.