Property investment in AIB and Kerryman heritage building 'a vote of confidence' in Tralee – Irish Examiner

A MUNSTER private  investor has paid €1.5 million for a historic Tralee town centre building, which houses The Kerryman newpaper, an AIB commercial bank presence and three apartments.

Getting a return of c 11%, the new owner of 9-10 Denny St has secured the three-storey Georgian period building which earlier had accommodated the National Bank of Ireland (later, the Bank of Ireland) from a private investment consortium who, in turn, had bought it about a decade ago, post-crash in banks and property.

9 10 Denny Street Tralee zerial view with apartments to rear

The building — a listed property built in the early 1800s, on a very intact Georgian streetscape laid out in the early 19th century on the grounds of Tralee castle — was sold by Paul Stephenson of Sherry FitzGerald Stephenson Crean (SFSC), had carried a €1.3m price guide, but sold for a sum over that, likely to be close to

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