DescriptionAn opportunity to acquire a well established Bar (vacant possession) and Off-Licence (currently income producing) in a densely populated residential location.
Situated on the profile corner junction of Cooney's Lane and Grange Road. Douglas Village is located just 2kms to the north east and the Kinsale Road Roundabout just 2km to the north west.
In excess of 1,000 Residential dwellings are located within a 1km radius of the property providing a readily established catchment for future business growth.
This substantial property extends to some 6,689 sq.ft (621.5 sq.m) standing on a level site of 0.6 acres (0.24 ha) approx. with ample circulation space and car parking.
This is a great opportunity to acquire an existing business is a prime location with obvious potential for future development and expansion.
The property is zoned Existing Built Up Area, under the LAP 2017 Development Boundaries: Cork City - South Environs
While the property can be made available with Vacant Possession, the Off License is currently held under a management agreement for an annual fee of €40,000 + VAT plus 50% of rates and additional outgoings (approx. €52,000 pa 2018). Further details can be made available, on request, to identified parties.
Annual Rates of €22,000 approx. (2018)
All mains services connected
Ordinary 7 Day Licence with no endorsements
Saundra McNally, McNally Campbell Solicitors,Victoria House, Victoria Road, Cork.
AccommodationGross Indicative Floor Areas
Bar/ Lounge 305.6 sq.m / 3,289 sq.ft
Off Licence 194.2 sq.m /2,090 sq.ft
Loft Storage Area 121.7 sq.m / 1,310 sq.ft
Total Approx. 621.5 sq.m / 6,689 sq.ft
Viewing DetailsStrictly by prior appointment with Sole Agents:
Malcolm Tyrrell Phone: 087-2554116
Rob Coughlan Phone: 086-3264320