15 Park Street, Townparks, Dundalk, Co. Louth, A91 WE04
-
Auction
- Ireland
- Apartment
- Residential
Guide Price €380,000
Property Viewings
Book Viewing
Property Summary
- An end of terrace public house.
- Comprising ground floor public house together with ancillary accommodation overhead.
- Extending to approximately 185 sqm (1,991 sq ft).
- Located in the centre of Dundalk town.
- 7 day publicans license.
- Let to an individual t/a The Phoenix Bar.
- License expiry 2029.
- Current passing rent €32,500 per annum
- NIY 7.78%
Contact Us
Contact Us
Downloads
Your BidX1 Account
Log in to your BidX1 Account to view the legal documents.
Create New Account
Register for a BidX1 Account to view the legal documents.
Property description
The property is arranged over the ground and two upper floors to provide an end of terrace public house. Internally, the property comprises an open-plan bar, kitchen area, store and cold rooms, with the Ladies’ and Gents’ WCs on the first floor, together with ancillary accommodation on the second floor.
The property is located on Park Street in the centre of Dundalk town benefitting from a high volume of passing footfall. Notable occupiers in the immediate vicinity include The Rum House, Tony's Pizzeria, Dealz and Gr8 Social.
Total floor area extending to approximately 185 sqm (1,991 sq ft).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements
Tenancy
The entire property is currently let to an operator under a licence agreement to an individual t/a The Phoenix Bar for a term of 4 years 9 months from 1 May 2024.
The licence provides for a stepped increase in rent as follows: Year 1 – €30,000 per annum; Year 2 – €32,500 per annum; Year 3 – €35,000 per annum; Year 4 – €37,500 per annum; Year 5 – €40,000 per annum.
There is a mutual break option, exercisable by either party on not less than six months’ prior written notice.
Licence
We are informed by the Vendor that a 7 Day Publican’s Licence attaches to the property.
VAT
Additional Information
Please ensure that you have registered and paid your Bidder Security via bank transfer in good time before the auction so that we can ensure you are approved to bid.
Important: We do not accept Same Day / Urgent payments. Payments must be standard SEPA payments.
If you are making a payment from outside Europe (e.g. SWIFT payment), please contact us in advance.
BER Rating
BER Identification Number
We have been informed by the vendor that this property is BER exempt.
Helpful links
*Terms & Conditions
No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor. BidX1 is a trading name of BidX1 Ireland Limited. PSRA Registration Number 001652.
Congratulations!
You're the highest bidder
You will receive an email from our team shortly to outline the next steps.
If you have purchased a property in the UK or Ireland, you'll need to pay the remainder of your deposit via My Account.
You're the highest bidder!
As this sale is subject to confirmation, we will be in touch within the confirmation period to let you know if your bid has been accepted by the vendor.
If you have any questions in the meantime, we're here to help: