Description***Preliminary Auction Notice*** DNG ONLINE AUCTION Thursday 2nd September 2021 @ 12pm
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Banagher with a population of c. 1,700, is located on the banks of the River Shannon in west County Offaly, 12km northwest of Birr and 37km west of Tullamore. The harbour and marina area is an important focus of tourism activity, while the Main Street running uphill from the bridge hosts the commercial and retail core of the Town. The town acts as a service town for the surrounding rural hinterland – which includes west Offaly but also stretches into rural east Galway.
Formally a thriving hotel, The Royal Shannon Hotel is strategically located on a c. 1 acre site, at West End, Banagher, c. 50 metres from the River Shannon and adjoining Marina. The building requires extensive works, having experienced fire damage some years ago. The property offers a great redevelopment opportunity to capitise it's the excellent riverside location.
The property is currently Zoned Town Centre/Mixed Use
Offaly County Council has been successful in its application for funding to the Department of Rural and Community Development, Rural Regeneration and Development Fund under Project Ireland 2040 for a number of regeneration projects in Banagher town, including a Master Plan for Banagher Marina and its Environs.
The property is listed on the Record of Protected Structures (Offaly County Council)