An AIB branch in Greystones, Co Wicklow, is on the market for €1.2 million. The prime retail property, leased to Kavwall Limited with AIB as guarantor, offers a 20-year lease with 2.41 years of secure income remaining. The property boasts a modern extension, three car parking spaces, and excellent visibility on Church Road, Greystones.
An AIB branch in the popular coastal town of Greystones , Co Wicklow has come to the market seeking €1.2 million.
The prime retail property, located on Church Road, offers investors a chance to acquire a strategically located asset in one of Ireland’s most desirable coastal towns. The entire property is let to Kavwall Limited, with Allied Irish Banks acting as a guarantor, on a 20-year lease from July 6th, 2007. There are 2.41 years of secure income remaining as of February 1st, 2025, and the property has a current passing rent of €149,700 a year.
The property, which is brought to market by JLL Ireland, comprises 431.8sq m net internal area over two storeys and boasts excellent profile on the main street of Greystones, ensuring high visibility and foot traffic. It features a modern extension and includes three car parking spaces to the rear of the building.
AIB Investment Property Greystones Lease Retail
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A large sale of AIB shares will be tempting for new CoalitionAIB seen by analysts as one of the most exposed large lenders across Europe
Read more »
Ireland on track to sell all AIB shares by end of year, says finance ministerIt is the latest effort to reduce the state’s stake in the banking sector following its multi-billion euro rescue plan for the banks during the 2008 global financial crash
Read more »
Ireland Near Completion of AIB Share Sale, Targeting 100% Exit by Year's EndIreland is nearing the end of its divestment of shares in AIB, the country's largest bank. Finance Minister Paschal Donohoe announced the recent sale of a 5% stake, raising €652 million and reducing the state's ownership to 12.5%. This marks a significant step towards fully exiting AIB, a goal the government hopes to achieve by year's end if market conditions are favorable. The Irish state previously intervened heavily in the banking sector during the 2008 financial crisis, injecting €64 billion into banks to stave off collapse. Since then, it has been gradually selling off its stake in various banks, including Bank of Ireland, which returned to full private ownership in 2022. The total proceeds from the sale of AIB shares so far have reached approximately €17.9 billion, returning a substantial portion of the state's investment.
Read more »
Irish Government Sells 5% Stake in AIB for €652 MillionThe Irish Government has sold a 5% stake in Allied Irish Banks (AIB) for €652 million, marking another step towards exiting its ownership of the lender. This sale brings the total amount recovered by the State from AIB's bailout to €17.9 billion.
Read more »
Irish Finance News Roundup: AIB Sale, Payment Fraud, Bank IPOs and MoreThis roundup highlights key Irish finance news stories, including the Minister for Finance's sale of an AIB stake, the Central Bank's assessment of payment fraud rates, plans for an IPO of a Portuguese bank led by an Irish boss, and other developments in the Irish banking and financial sectors.
Read more »
DeepSeek AI and Irish AIB Share Sale Dominate NewsMarkets are in turmoil following the emergence of a low-cost Chinese AI technology, DeepSeek, capable of competing with US giants. The news raises questions about the future of Big Tech valuations. In Ireland, the State sold another 5% stake in AIB, reducing taxpayer holdings to 12.5%. The program also discusses the implications of this divestment and the government's plans for the remaining stake.
Read more »