WELL ESTABLISHED RESTAURANT LEASEHOLD INTEREST FOR SALE.
FULLY FITTED AND IN EXCELLENT CONDITION THROUGHOUT.
CLOSE TO UNIVERSITY OF LIMERICK, CASTLETROY PARK HOTEL AND A LARGE
The property is held on a 25 years lease from 2009, subject to five yearly rent reviews with a current passing rent of €28,000 per annum. The leasehold interest is being sold (by assignment) to include all fixtures and fittings therein.
Substantial restaurant having accommodation on ground and first floor levels. The restaurant is fully fitted throughout and is in excellent condition having been refurbished two years ago. Seating accommodation and kitchen accommodation is provided on the ground floor with disabled toilets and the first floor comprises of further seating accommodation and toilets and back of house operation. In its current layout the restaurant provides seating for 85 patrons.
The restaurant is situated at Park Point on the Dublin Road in Limerick City. As one travels from Limerick towards Castletroy on the R445 the property is located on the left hand side a short distance before the Groody roundabout. Neighbouring occupiers include Travel Lodge Hotel (overhead the subject property), Castletroy Park Hotel, Castletroy Retirement Village, ALDI, University of Limerick and the ever expanding suburb of Castletroy.
These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them. Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers (Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.