Lot 5589692, Portley's Pub, 1 Broad Street, Limerick City, Co. Limerick, V94T68X

Available From: Immediately CITY CENTRE ATTRACTIVE PUBLIC HOUSE CURRENTLY TRADING.
TWO 2-BEDROOMED APARTMENTS ON FIRST AND SECOND FLOORS.
VERY ATTRACTIVE PUB WITH CORNER PROFILE TO TWO STREETS.

LOCATION
The property is situated at the junction of Broad St. and Lock Quay in Limerick City Centre. The property commands an excellent profile on to the Abbey River and has entrances from both Broad Street and Lock Quay. Neighbouring occupiers include the Absolute Hotel, PWC, Deloitte, Limerick School of Art & Design, Barrington's / Bon Secours Hospital and many other residential, retail and office uses.

DESCRIPTION
The property comprises of a 3-storey end-of-terrace red-bricked property with profile onto Broad Street and Lock Quay. The property has a beautiful olde world charm pub on the ground floor complete with bar counter, bar area, lounge area, keg room, ladies and gents toilets and storage. The first and second floors comprise of two 2-bedroomed apartments with independent access from Lock Quay.


APARTMENTS
Both apartments are currently leased at the following rents
Apt 1 - '¬970 per month ('¬11,640 per year)
Apt 2 - '¬720 per month ('¬8,640 per year)

VAT
We have been advised that VAT is not chargeable on the sale of this property.

FIXTURES & FITTINGS
An inventory of fixtures and fittings contained within the pub and apartments will form part of the sale.


TURNOVER
The public house will be sold with vacant possession but has a substantial turnover established over the past two decades of trade.

LIQUOR LICENCE
7-Day Liquor Licence is attached to the ground floor of the property.

COMMENT
Excellent opportunity to acquire a well-finished pub with two overhead apartments. The pub has splendid features such as tiled floor, arch windows to Lock Quay, timber ceiling, fireplace with large mirror overhead and many other features.

These Particulars and Terms are issued by Rooney Auctioneers (Limerick) Limited on the agreed understanding that all negotiations in respect of the property mentioned, are and will be conducted through them. Â Whilst every care has been taken in preparing these Particulars and Terms of the said property, Rooney Auctioneers (Limerick) Limited do not warrant these Particulars and Terms or any representations made by them about the property and all intending purchasers/lessees should satisfy themselves as to the correctness and/or accuracy of the information given. Rooney Auctioneers (Limerick) Limited shall further not be liable for any loss or expenses, which may be incurred in visiting the property, should it prove unsuitable or to have been let, sold or withdrawn.