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The Ritz Of Kellybegs, Co. Donegal, Hits The Market

Published on Nov 3 2021 2:00 PM in Hotel tagged: Trending Posts / The Ritz

The Ritz Of Kellybegs, Co. Donegal, Hits The Market

The Ritz of Main Street, Killybegs, Co. Dongeal, has hit the market via Edel Quinn Properties for €970,000.

Property details

The property's listing on edelquinn.ie states, "THE RITZ, MAIN STREET

"Killybegs

"PRICE

"€970,000

"KEY INFORMATION

Address The Ritz, Main Street Killybegs
Price €970,000
Style Hotel/B&B
Status For sale
PSRA License No. 003969

"ADDITIONAL INFORMATION

"Edel Quinn Properties are delighted to bring to market a rare opportunity to acquire a substantial commercial holding in a prime location Killybegs Main Street. `The Ritz` is a 12 bedroom guest house with two commercial units, two townhouses with a fantastic reputation and favourable annual turnover.

"The Killybegs Regeneration Plan has been in the works for a number of years now and just this year, an action plan based on research and observations over recent memory has been brought forward to organically sustain the town until 2040. The research noted positives such as "Killybegs hosts many of the fundamental ingredients of a destination place itself, coastline, heritage, cuisine and water based activities". The research also noted negatives however, and its number 1 Principle of Regeneration is to "Revitalise the town centre" as it was noted that currently, there is a lack of retail/offerings/experiences.

"The blueprint and funding is in place for the town to become incredibly economically prosperous with jobs and tourism to the fore, so a centrally placed, commercial accommodation could welcome massive potential as the regeneration plan is rolled out. Details of the Regeneration Plan can be found on Donegal County Councils website. Killybegs is the place to be!

"The Ritz is a combination of a modern, state-of-the-art 12 bedroom en suite building over 3 floors with the accommodation on the first and second floor along with a generous sitting room, office area, large commercial kitchen and dining room which sits 30 people. The ground floor houses 2 commercial units which are fully leased. Then we have the residential element which is a 6 bedroom house over first and second floor level, currently used as a residential dwelling. The other semi-detached first and second floor unit is divided into 5 bedrooms, 3 shower rooms and a general sitting/living area which is leased on a room-by-room basis.

"Car park to rear with 4 car parking spaces. In house laundry facilities included in the Ritz."

Further Information

The listing adds, "Notice
"Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only."

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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