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Anchor Buildings, Bridge Street, Westport, Co. Mayo

  • Auction
  • Lot 134
  • Ireland
  • Public House
  • Commercial

GUIDE PRICE €825,000

Addendum

Please note that we have been informed by the Vendor that the 7 day Publicans Licence is in the name of the tenant of the property and not as previously stated. Please note that the contract for sale has been revised. Document D7 has been added to the Document Schedule. In addition, Special Condition 4.2 has been amended.

Property Summary

  • A multi-unit retail & leisure investment.
  • Comprising a public house, cafe and retail unit.
  • Extending to approximately 455 sq. m (4,902 sq. ft) in total.
  • Subject to 3 x tenancies.
  • Reversionary potential
  • Total current rent reserved €145,309 per annum (Current rent passing €50,400 per annum).

Contact Us

Legal Contact
Niamh O'Grady
Vendor's Solicitor
nogrady98816@web-ppt.bidx1.com

Contact Us

Legal Contact
Niamh O'Grady
Vendor's Solicitor
nogrady98816@web-ppt.bidx1.com

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Description

The property is arranged over ground and part basement floors to provide a multi-unit retail & leisure property. Internally the property comprises a public house at basement and ground floor levels, together with a cafe / restaurant unit, and a further retail unit.

Location

  • Westport is an extremely popular tourist town in Co. Mayo.
  • The town is approximately 18km south west of Castlebar and approximately 79km north of Galway City.
  • Transport links are provided by the N5 to Longford and N59 from Sligo to Galway.
  • Public transport to Westport is provided by a number of bus and rail routes.
  • The property is situated in a busy position on Bridge Street, to the western side of the main thoroughfare through the town.
  • Surrounding occupiers include Boylesports, Elverys and Carrig Donn.

Licence

Please note that we have been informed by the Vendor that the 7 day Publicans Licence is in the name of the tenant of the property and not as previously stated.

Property Table

No Present Lessee Accommodation Sq.m (Sq.Ft) Lease Terms Current Rent Reserved € p.a.
    Total  455 sq. m  (4,902 sq. ft)    €145,309 p.a. (Current rent passing €50,400 p.a.)
1 An individual t/a The Jester Public House  Public House  274 sq. m  (2,947 sq. ft) 

 25 years from 05.08.2004

Five yearly rent reviews

No breaks

  €114,400 p.a. (Current rent passing €22,880 p.a.)
2 An individual t/a Gavins Coffee Shop Cafe 98 sq. m (1,057 sq. ft)

35 years from 09.02.1996

Five yearly rent reviews

 €18,000 p.a.
3 An individual t/a Curiosity Charity Shop Retail 83 sq. m (898 sq. ft)

1 year lease from 24.11.2009

Over holding

 €10,909 p.a. (Current rent passing €9,600 p.a.)

 

VAT

Please refer to Legal Documents

BER Rating

D1 - F

BER Identification Number

Available from BidX1

Energy Performance Indicator

1049.81 kWh/m²/yr 1.68 - 2223.25 kWh/m²/yr 2.79

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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.

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