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Classic & Vintage Day Out At Racecourse A Massive Success

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IT WAS ALL THINGS VINTAGE at Killarney Racecourse on Sunday the 22nd July last when Killarney Valley Classic & Vintage Club held their annual Car Show.  Visitors were not disappointed with over 100 wonderful classic and vintage cars on display including a unique MK1 Estate Escort, top class Porches, BMW’s, Mercedes, Fords and Austin Martins with a great cross section of some classic vehicles for every car enthusiast.

An addition to the event this year was the Old Market Flea who had 30 stands on display with a variety of vintage clothes, crafts, jewellery, brick n brac for sale.  Reens Peugeot Garage Rathmore also attended with a variety of their new Peugeot Cars including the Peugeot 2008 and 5008.

The big attraction on the day was the clubs restored Land Rover 90.  Tickets are being sold for €10 each with Down Syndrome Kerry and Recovery Haven Kerry Cancer Support House the benefiting charities.   Tickets are also available to buy on line and check out the clubs Facebook page for the link to purchase tickets @ www.facebook.com/killarneyvalleyvintage or contact club secretary on 087-3381842 for any queries.  The draw takes place on Saturday the 17th November next.

The club would sincerely like to thank everyone involved in their annual Car Show including Killarney Racecourse for providing their wonderful venue and facilities, all the volunteers on the day, club members and everyone who displayed their classic and vintage cars, the club’s sponsors in particular Killarney Advertiser, Reens Peugeot Garage Rathmore and Old Market Flea for their vintage stands.  “The club are already looking forward to next year’s show which will be bigger and better” said Tom Leslie PRO.

 

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Paralympic legend Jason Smyth visits St Brendan’s

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Paralympic legend Jason Smyth visits St Brendan’s


World renowned Paralympian and world record holder Jason Smyth paid a visit to St Brendan’s College on Wednesday afternoon as part of a high profile visit to Killarney.


The six time Paralympic gold medallist spoke to second year students from St Brendan’s College, alongside students from neighbouring schools St Brigid’s Presentation Secondary School and Killarney Community College.
The interactive talk and interview took place ahead of World Sight Day, with the legendary sprinter sharing his personal journey with Stargardt disease, a genetic eye condition that left him legally blind at eight years old.
The Derry native, who holds the world record as the fastest Paralympian on earth over 100 metres, offered inspiring insights into overcoming physical adversity and achieving success at the highest level of world sport.
The school visit formed the opening leg of his Killarney schedule before he took centre stage later on Wednesday evening at The Killarney Plaza Hotel & Spa.
Smyth headlined An Evening with Paralympian Jason Smyth, an event organised by the Killarney Chamber of Tourism and Commerce as part of its winter schedule, sponsored by AIB.

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Deerpark Retail Park placed on market for fifteen million euro

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Deerpark Retail Park in Killarney has officially been placed on the market with a guide price in excess of 15.4 million euro, excluding VAT.

International real estate firm Cushman & Wakefield has been appointed as the sole sales agent to handle the high-profile commercial property sale on behalf of its current owner, Investcorp.

Investcorp, a global investment management firm headquartered in Bahrain, had previously acquired the prominent shopping complex.


The sale represents one of the largest commercial property offerings to launch in County Kerry this year.

Located roughly 1.3 kilometres west of Killarney town centre, the scheme enjoys strong regional connectivity and sits adjacent to independently owned operations including a Tesco Extra store, a Tesco petrol filling station, JYSK, and Aldi.


Constructed in 2006, the development extends across approximately 10,482 square metres, or 112,835 square feet.

The scheme comprises a mix of modern retail warehouse units and a complementary neighbourhood centre, offering 13 individual units in total with Part Open and Part Bulky Use planning permission.

The units range in size from 94.6 square metres up to 1,994.9 square metres. Visitors have access to approximately 248 customer parking spaces across the commercial grounds.

The park is currently 100 per cent occupied by a strong line-up of established national and international brands.

Key retail tenants include Marks & Spencer, Boots, DID Electrical, Maxi Zoo, and Mountain Warehouse.

The neighbourhood centre element accommodates service and convenience operators such as Costa Coffee, Card Factory, and Salon B.

The first-floor accommodation is fully let to Peak Performance Academy, which provides additional rental diversification.

Additionally, the scheme benefits from an agreement with Tesla to operate eight electric vehicle charging bays within the customer car park.


Commercial figures show that the property generates a total current rental income of 1,326,458 euro per annum, with a weighted average unexpired lease term of 4.45 years to break options and 6.46 years to lease expiry.

Cushman & Wakefield noted that the quoted guide price of 15.4 million euro reflects a net initial yield of 7.83 per cent, assuming standard purchaser costs of 9.96 per cent.

The selling agents highlighted that the fully occupied asset offers investors an attractive income profile alongside scope for additional income generation through parking commercialisation.

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