Description
Sherry FitzGerald Crowley are delighted to bring to the market this exceptional investment opportunity comprising of a thriving town centre bar with a well appointed commercial kitchen and seven in number apartments.
The property enjoys a pivotal position in Westport town adjacent to the landmark Clock Tower at the junction of Mill Street, Bridge Street (Westport's main street) and Shop Street.
The bar is presented in excellent condition having been entirely refurbished to a high standard in 2016 when it was stripped back, rewired, replumbed, replastered and all fittings replaced. The floor area measures approximately 166.9 sq m/1796.5 sq ft. Accommodation includes front lounge, back bar, Ladies, Gents and Staff WCs. There is a smoking area to the rear measuring approximately 22.5 sq m/241.7 sq ft.
The apartments offer a significant rental income stream offering an option of long term or short term occupation. There are four in number 2 bed/2 bath units and three in number 1 bed/1 bath units. Westport is one of the West of Ireland's premier holiday destinations with year round demand for accommodation from both national and international visitors.
To the rear of the property is a separate building accessed via the smoking area with an additional entrance from a town car park. On ground floor there is a HSE approved and fully equipped kitchen, floor area approximately 32.3 sq m/348 sq ft. This unit has a separate electricity meter and offers potential as a standalone catering unit.
The seven apartments are laid out over first, second and third floors in the front and rear buildings. All in long term leases.
All of the apartments are presented in turnkey condition following recent refurbishment work and require no investment.
Long term and short term rental incomes in Westport town are currently buoyant with strong demand for both. There is also the option to let these properties on Airbnb.
Apartment One: First floor, two bedrooms, two bathrooms, floor area approx 53.56 sq m
BER B3, BER Number 106136633
Apartment Two: First floor, two bedrooms, two bathrooms, floor area approx 54.43 sq m,
BER D1, BER Number 106140767
Apartment Three: First floor, one bedroom, one bathroom, floor area approx 31 64 sq m
BER E2, BER Number 106145907
Apartment Four: Second floor, two bedrooms, two bathrooms, floor area approx 54.39 sq m
BER C2, BER Number 102921954
Apartment Five: Third floor, one bedroom, one bathroom, floor area approx 32.12 sq m
BER C3, BER number 106138225
Apartment Six: First floor, one bedroom, one bathroom, floor area approx 40.24 sq m
BER E1, BER Number 106138894
Apartment Seven: Third floor, two bedrooms, two bathrooms, floor area approx 63.62 sq m
BER E1, BER Number 106143019 Accommodation
BAR ACCOMMODATION -
Front Lounge - 11.26m x 6.34m
Solid oak and tiled floors, mahogany bar and seating booths, storage room to rear of bar
Back Bar - 7.53m x 7.3m
Solid oak and tiled floors, mahogany bar and seating booths
Hallway - 5.71m x 1.26m
Tiled floor, door to smoking area and kitchen
Cold Room - 4.18m x 2.59m
Cooler, 16 lines
Ladies WC - 3.13m x 3.03m
Fully tiled, cubicles x 3, sinks x 3
Gents WC - 3.41m x 2.88m
Fully tiled, cubicles x 2, sinks x 2
Staff WC - 2.2m x 1.46m
Fully tiled, wc, whb
REAR BUILDING -
Back Hallway - 7.99m x 1.48m
Door to rear car park & access for apartments 2 and 3
Kitchen - 7.66m x 4.22m
Fully equipped HSE approved kitchen with vinyl flooring, stainless steel splash backs, stainless steel appliances include 4 ring gas cooker, gas fryer, electric counter top fryer, hot plate, combi oven, under counter fridges x 2, under counter freezer, large upright fridge, dishwasher
APARTMENT ONE -
Entrance Hall - 4.67m x 0.95m
Laminate floor
Living/Dining/Kitchen - 3.77m x 2.89m &4.04m x 2.07m
Laminate floor, maple pvc kitchen, blinds
Bedroom One - 3.25m x 2.34m & 2.2m x 1.03m
Laminate floor, curtains & blinds
Bedroom Two - 3.34m x 2.83m
1.89m x 1.57m
En-Suite - 1.89m x 1.57m
Fully tiled, shower, wc, whb
Bathroom - 2.56m x 1.65m
Fully tiled, bath, wc, whb
Features
- Thriving town centre bar
- Brought to the market as a going concern
- Bar fully refurbished in 2016
- Fully equipped HSE approved commercial kitchen
- 7 in number apartments
- Long term and short term rentals
BER Details
BER: G
BER No: 800250433
Energy Performance Indicator: 1632.59 Negotiator