*** A Town Centre Nightclub Investment * Extending to Approximately 1,245 sq. m (13,401 sq. ft) * Let to Bradpower Ltd t/a Coppers * Tenants not affected * Lease expiry 2027 * Current Rent Reserved €120,000 p.a. * Guide Price €600,000**
Location The property is situated to the northern side of Market Square, within the heart of Portlaoise town centre. The Square provides an ideal nightclub situation with numerous bookmakers, fast food restaurants and public houses such as Boyle Sports, The Square Bar and Mezza Pizza, Welcome Inn, & Maggie May's
Description The property is arranged over basement, ground and first floors to provide a mid-terrace pub/nightclub extending to approximately 1,245 sq. m (13,401 sq. ft). Internally, it is laid out as a traditional pub with a large beer garden, large bathrooms, storage rooms / space, an office and alcohol storerooms. There is also a large yard to the rear of the property. We are informed that the venue has a capacity for up to 800 people (approx.).
Tenancy The entire property is currently let to Bradpower Ltd t/a Coppers for 20 years from 29th May 2007 at a current rent reserved of €120,000 p.a. exclusive of rates and VAT. The lease provides full FR&I terms with upwards only rent reviews every five years.