Property Summary * • A Town Centre Public House Investment. * • Comprising Public House & Four Bedroom Apartment. * • Extending to Approximately 402 sq. m (4,331 sq. ft). * • Let to Bradpower Ltd T/A The Welcome Inn * • (Tenants not Affected). * • Current Rent €52,000 per annum* * • Guide Price €400,000
Location The county town of Portlaoise comprises a population of approximately 22,000 people (Census 2016). The property is situated to the eastern 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, Coppers, & Maggie May's.
**Description ** The property is arranged over basement, ground and two upper floors to provide a mid-terrace public house extending to a total of approximately 402 sq. m (4,331 sq. ft). Internally, the public house is laid out as a traditional pub with male & female bathrooms, storage rooms / space, keg room (basement level) and alcohol storerooms. There is also a yard to the rear of the property. The overhead apartment comprises four bedrooms, a bathroom, a living area and kitchen. NB: For the avoidance of doubt Mezza Pizza is not included within the sale.
Tenancy *We are advised by the Vendor that the property is let to Bradpower Ltd T/A The Welcome Inn overholding on a lease that expired in 2006, the current rent passing upon publication of sales particulars (26/02/2020) is €1,000 per week (€52,000 p.a. equivalent).
**BER ** BER No. Available from Artis EPI: 782.13 kWh/m²/yr 1.29 - 439.26 kWh/m²/yr