A rare opportunity to purchase the freehold of a restaurant and full 7 day licensed premises operating as a chinese restaurant by the same owner for the last 40 years and only now selling due to retirement.
The Jade Palace is a long established chinese restaurant and 7 day licensed premises in Waterford city centre. The property enjoys a high profile location on The Mall in the heart of the city's nationally renowned Viking Triangle. Nearby occupiers include the Tower Hotel, The House of Waterford's Visitor Centre, Reginalds Tower and the Theatre Royal.
The property comprises two four storey terraced buildings with the 7 day licensed premises with seating for 70 located on the ground floor and the Chinese restaurant located on the first floor with seating for 100 with ancillary accommodation on the overhead floors. Both the restaurant and Bar could operate as separate entities.
"Tax Relief and the Government City Living Initative"
The subject property is included in the city's "Special Regeneration Area (SRA) as part of the Irish Governments Living City Initative which offers tax relief in the form of a capital allowance on refurbishment/restoration costs on qualifying properties.
GROUND FLOOR - 114.0sq m
Keg Room -
Mens & Ladies Toilets -
FIRST FLOOR -
Restaurant - 130.0sq m
Kitchen - 32.0sq m
Cold Room - 19.0sq m
SECOND FLOOR No. 3 - 42.0sq m
SECOND FLOOR No.4 - 50.0sq m
THIRD FLOOR No. 3 - 42.0sq m
THIRD FLOOR No.4 - 50.0sq m
ATTIC FLOOR No.3 - 27.0sq m
ATTIC FLOOR No. 4 - 35.0sq m
11 Gladstone Street, Waterford City, Co. Waterford,
Tel: +353 (0)51 876757
PSRA Licence No. 003613 / 003613