Martins Pub, Castletowncooley, Riverstown, Co. Louth, A91 RH9V
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Auction
- Lot 48
- Ireland
- Mixed Use
- Commercial
Sold for €220,000
Addendum
Property Summary
- Online Auction Date: 23rd February 2023
- A substantial mixed use building.
- Comprising a public house together with 2 x commercial units.
- Extending to approximately 512 sq. m (5,511 sq. ft).
- 7-Day Publicans Licence included.
- Located beside Cooley Distillery.
- 1 x commercial unit let to an individual t/a New Century Chinese Takeaway.
- Lease expiry 2025.
- Total current rent reserved €8,280 per annum with VP of public house and 1 x commercial unit.
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Property description
The property is arranged over ground and first floors to provide a public house together with 2 x adjoining ground floor commercial units. Internally, the property comprises a bar and lounge area with a pool room at ground floor together with ancillary accommodation overhead. The property benefits from an external keg room and smoking area to the rear. The commercial units were used as a former off licence and the Chinesse takeaway is still trading.
The property is situated on the Dundalk Road, Riverstown in Co. Louth. Surrounding occupiers include Cooley Distillery, Carlingford Brewing Company and Gyles Quay Caravan & Camping Park.
Total floor area extending to approximately 512 sq. m (5,511 sq. ft).
All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided
Tenancy
1 x commercial unit is at present let to an individual t/a New Century Chinese Takeaway for a term of 4 years 9 months from 07.12.2020 at a contractual rent of €5,760 per annum. The tenant pays an additional €2,520 per annum to cover commercial rates, water and refuse charges. The pub and commercial unit are sold with vacant possession.
Licence
We are informed by the Vendor that a 7 Day Publican’s Licence attaches to the property.
VAT
BER Rating
BER Identification Number
800826570
Energy Performance Indicator
829.96 kWh/m²/yr
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*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.
