PRIME LICENSED PREMISES INVESTMENT
The self contained property comprises part of the ground floor and basement of a larger building providing a fully fitted and trading 7 day Licensed Premises and Restaurant. Internally, the property provides a front lounge bar with rear restaurant and service area to ground floor together with kitchen (incl. dumb waiter), toilets, storage (incl. keg store & freezer), and office to basement level. The property is fitted to a high standard with two internal stairs giving access to the basement. A goods entrance and keg loading facilities are provided to the rear of the building.
PRICE:€400000 (excluding vat)
The Licensed Premises and Restaurant occupies a high profile location on the north side of the Main Street, close to the Liffey Bridge, in Newbridge Town Centre. The immediate surrounding area is predominantly commercial/leisure in nature with nearby occupiers including the Riverbank Arts Centre, Ulster Bank, and a number of Pubs, Restaurants, and Takeaway’s, including McGowans Nightclub.
Newbridge is a large provincial town only 43 km from Dublin with direct motorway and rail access (30 minutes). The town has experienced rapid growth in terms of both residential and commercial development in recent years and is an important service centre for Co. Kildare, on one of the busiest traffic corridors in the country. Existing employers in the area include Pfizer Ireland, Bord na Mona, Oral-B, The Defence Forces, and the Racing and Breeding Industry.
The property is let to Cabana Taverns Limited under a 4 year 9 month IRI Lease from 18th February 2013.
The contracted rent is €90,000 p.a. which is currently abated by agreement to €60,000 p.a (excl. VAT).
Lease details available on request.
Main Services including gas.
Rates (2016): €15,859
Inventory of Furniture & Effects included in the sale available on request.
Tenant Not Affected.
Morrin McConnell Solicitors,
Tel: 045 881055
Strictly by prior appointment with sole selling agents.
Billy Grogan: firstname.lastname@example.org
Stephen Talbot: email@example.com
• High Profile Main Street Location
• Situated in Main Entertainment Hub, opposite Riverbank Art Centre.
• Established Fully Fitted Licensed Premises/Restaurant
• Extends to 381 sq.m (GIA) – Ground Floor & Basement
• 4 Year 9 Month IRI Lease from February 2013
• Rent at €90,000 p.a. abated to €60,000 p.a.
• Zoned “Town Centre”.
PRIME INVESTMENT OPPORTUNITY
ACCOMMODATION: (GIA – approx.)
Ground Floor: 220 sq.m.
Basement: 161 sq.m
Total: 381 sq.m