Property Description

The subject property consists of a substantial bar with catering facilities, toilets, cold room, storage and an off-licence on the ground floor. The bar has a number of access points with the main entrance off main street, a side entrance off James Street and a back entrance to the rear. The bar itself has been in the O'Hora family for several decades and commands a great profile within the town of Kiltimagh, attracting business from numerous clientele including local business, regular customers, GAA / soccer and sports enthusiasts along with a local poker club with weekly Friday night traditional music sessions, as well as live music at the weekend. The owners have built a great rapport over the years with the general public in the town and surrounding areas which has resulted in the success of this bar over several decades. The bar has built a number of revenue streams from drink sales, casual food dining and off licence sales. This bar presents in an exceptionally cosy, welcoming setting and in our opinion requires no further investment.

The building contains two additional floors of residential accommodation that have been vacant for several years, offering clear potential for reinstatement as habitable accommodation. Some of the space has been utilised as a storage area for the bar but may not necessarily be required. There is a substantial flat roof area to the rear of the property which could also be developed into further residential accommodation. It is our opinion that all of this accommodation provides a unique opportunity to convert this space into a number of apartments or modern living areas. There are a number of government grant aided opportunities available to any potential purchaser wishing to take this avenue. The residential space offers an ideal opportunity for an Airbnb business to compliment the commercial business operating on the ground floor.

The property has a prominent location in the heart of the town, situated on a corner site on the main street, a 2 minute walk to the local hotel, bars, restaurants, shops, cafes and all the local amenities with ample parking facilities right outside.

This business has the benefit of a strong customer base, has a bar licence with a significant value and has a bar trade with a substantial turnover which will be provided to any potential purchaser who has the foresight to acquire this valuable business opportunity.

BER Details

BER No. 801089616

Energy Performance Indicator: 704.00 kWh/m2/yr

This property was last updated: 24 days ago