Property Known As 'riina's', Newry Street, Carlingford, Co. Louth

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€95,000

Restaurant / Bar / Hotel For Sale

Rating:

Contact Name: Klara Schuster

Selling Agent: BidX1

PSR Licence Number: 001652

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Property Description



For Sale by Public Auction
Auction Location: Online


A mid terrace restaurant investment.
Comprising ground and first floor restaurant together with an open balcony area to the rear.
Extending to approximately 125 sq. m (1,347 sq. ft) 
Let to an individual t/a Riina's.
Lease expiry 2021.
Total current rent reserved €12,000 per annum.
Net initial yield 11.49%.

The property is arranged over ground and first floor to provide a mid terrace restaurant.  Internally the property comprises a ground floor restaurant together with a fully fitted kitchen on the first floor.  The property benefits from an open balcony area to the rear.
Total floor area extending to approximately 125 sq. m (1,347 sq. ft).


Carlingford is a town in County Louth.
The town is situated approximately 27km north east of Dundalk and 115km north of Dublin.
Transport links in the area include the N1, M1 motorway, A1 and A2 roads together with a daily train service linking Dublin and Belfast.
The property is situated on Newry Street accessed via the R173.
Surrounding occupiers include The Bay Tree Restaurant & Guesthouse, Centra and Taaffes Bar.

The entire property is at present let to an individual t/a Riian's Cafe for a term of 9 years from 01.01.2013 at a contractual rent of €12,000 per annum, exclusive of rates and VAT.

BER Details

Energy Performance Indicator: 1634.88 kWh/m2/yr

This property was last updated: today, 21 hours ago


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To: Klara Schuster in BidX1
Subject: Restaurant / Bar / Hotel For Sale in Property Known As 'riina's', Newry...
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Selling Agent

BidX1
1st Floor 2 Shelbourne Buildings Crampton Avenue Ballsbridge Dublin 4 D04 W3V6

Contact Name: Klara Schuster

PSR Licence Number: 001652

Show Number
This Restaurant / Bar / Hotel For Sale located at Property Known As 'riina's', Newry Street, Carlingford, Co. Louth is currently for sale. This property was last updated by BidX1 today. Property Known As 'riina's', Newry Street, Carlingford, Co. Louth is priced as: €95,000 and has . View all properties for sale in Carlingford, Co. Louth. View restaurant / bar / hotel for sale in Carlingford, Co. Louth.
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