The Times Hotel, Bank Place, Tipperary Town, Co. Tipperary
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Auction
- Lot 174
- Ireland
- Hotel
- Commercial
GUIDE PRICE €380,000
Property Summary
- A hotel investment.
- Comprising a 10 bedroom end of terrace hotel, 4 x self-contained residential units, ballroom, restaurant and a bar.
- Extending to approximately 1,858 sq. m (20,000 sq. ft).
- Hotel let to an individual t/a The Times Hotel.
- Total rent reserved €37,000 per annum with vacant possession of function room, 6 x one bedroom apartments and 5 x bedrooms.
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Description
The property is arranged over ground and two upper floor to provide an end terrace hotel and residential accomodation. Internally the property provides the following specification:
- Public House
- Function room/ballroom
- Restaurant
- 6 x one bedroom apartments
- 4 x self-contained residential units
- 5 x bedrooms in need of refurbishment
Total area extending to approximately 1,858 sq. m (20,000 sq. ft).
Location
- The county town of Tipperary has a population of some 5,000 people (as of 2016 Census).
- The town is situated approximately 18 km west of Cashel and some 40km south east of Limerick.
- Transport links in the area include the N24 providing direct access Limerick and the M8 motorway.
- The property is situated on the west side of the N24, on the Main Street.
- Surrounding occupiers include Lidl, AIB Bank, Aldi.
Tenancy
The restaurant and 4 x apartments are let under an informal tenancy at an annual rent of €37,000. The remainder is vacant.
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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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