I'm looking for:

The Pinecroft Bar/Lounge & Off Licence, Cooney's Lane, Grange, Co. Cork

Investment / Retail / Development / Commercial Licenced Premises For Sale 

DESCRIPTION:

  • An 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.

ACCOMMODATION:

Gross 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 

ZONING:

  • The property is zoned Existing Built Up Area, under the LAP 2017 Development Boundaries: Cork City - South Environs

OCCUPANCY:

  • 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.

ADDITIONAL INFORMATION:

  • Annual Rates of 22,000 approx. (2018)
  • All mains services connected
  • Ordinary 7 Day Licence with no endorsements

SOLICITOR:

  • Saundra McNally, McNally Campbell Solicitors,Victoria House, Victoria Road, Cork.

VIEWING:

Strictly by prior appointment with Sole Agents:

  • Malcolm Tyrrell Phone: 087-2554116
  • Rob Coughlan Phone: 086-3264320
  • 875,000
  • Area 621 Sq.M
  • 6689 Sq.Ft
  • Other Information restaurant / bar / hotel

+353 21 427 7717

Location

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  • Society of Chartered Surveyors Ireland
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