Capital allowances in Tralee


Private investors are likely to be interested in a retail property in Tralee, Co Kerry, which is to be auctioned on December 4th by joint agents Lambert Smith Hampton and Purcell Properties. The four-storey building has 1,858 sq ft on the ground floor. It is occupied by UK multiple Adams Childrens-wear on a 20-year lease from 1994. The rent of £46,000 is expected to increase to about £60,000 when it is reviewed in November, 1999. The purchaser will be able to claim capital allowances of £111,000 over the next nine years.