Get the app today! Download iPhone App Download Android App

SUBSCRIBE

Four Irish Restaurant Properties Hit The Market

Published on Sep 13 2021 9:11 AM in Restaurant tagged: Trending Posts / The Forum / Banyan / Benito's Italian Restaurant / Ken's Oriental Restaurant

Four Irish Restaurant Properties Hit The Market

Four Irish restaurant properties have hit the market.

Ken's Oriental Restaurant

Ken's Oriental Restaurant of John Broderick Sreet, Irishtown Central, Athlone, Co. Westmeath, is being sold via digital property marketplace BidX1 with a guide price of €280,000.

The property's listing on bidx1.com states, "Property Summary

  • "A substantial first floor restaurant unit.
  • "Extending to approximately 520 sq. m. (5,597 sq. ft.).
  • "Set within a wider mixed use development.
  • "In close proximity to Golden Island Shopping Centre.
  • "Town centre location.
  • "Vacant possession

"Description

"The property is arranged over first floor only to provide a restaurant unit. Internally the property comprises an open plan dining area together with kitchen, office and toilet facilities. The property is set within a wider mixed use building arranged over ground and first floors. The property is accessible via John Broderick Street. Surrounding occupiers include Dunnes Stores, Eddie Rockets and Holland & Barrett.

"Total floor area extending to approximately 520 sq. m. (5,597 sq. ft.).

"All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

"VAT

"Please refer to legal documents."

Benito's Italian Restaurant

The property that houses Benito's Italian Restaurant of 47 & 47a, Castle Street, Dalkey, Co. Dublin, is being sold via BidX1 with a guide price of €600,000.

The property's listing on bidx1.com states, "Property Summary

  • "A restaurant investment.
  • "Comprising ground and first floor restaurant accommodation.
  • "Extending to approximately 337 sq. m. (3,627 sq. ft.).
  • "Let to an individual t/a Benito's.
  • "Lease expiry 2039.
  • "Situated on the main thoroughfare in Dalkey.
  • "Contractual rent reserved €120,000 per annum (for entire).
  • "Current rent received €51,000 per annum.
  • "Net initial yield 7.7%.
  • "For the avoidance of doubt the entire property is not included. The entire building comprises 46, 47 and 47a however 46 is not included in the sale. Please refer to the legal documents for further clarity.

"Description

"The subject property is arranged over ground and first floors to provide a restaurant building. Internally the property comprises seating, kitchen and storage accommodation. For the avoidance of doubt the entire property is not included. The entire building comprises 46, 47 and 47a however 46 is not included in the sale. Please refer to the legal documents for further clarity.

"Total floor areas extending to approximately 337 sq. m. (3,627 sq. ft.).

"Tenancy

"The entire property is at present let to an individual t/a Benito's for a term of 35 years from 08.03.2005 at a contractual rent of €120,000 per annum, exclusive of rates and VAT. The lease provides for rent reviews every fifth year and contains full repairing and insuring covenants.

"Please note - we have been informed by the vendor that the current rent received is €51,000 per annum. Please refer to the legal documents for further information."

"VAT

"Please refer to legal documents."

Banyan

The Banyan venue of Sherry FitzGerald 3 Strand Street, Tramore, Co. Waterford, is being sold via estate agency Sherry Fitzgerald John Rohan with a guide price of €180,000.

The property's listing on offices.sherryfitz.ie states, "Description

"TO BE SOLD VIA AUCTION ON WEDNESDAY 29th SEPTEMBER AT 11.00am.
"Three storey terraced licensed premises located in the heart of the seaside town of Tramore. Situated within 100 metres from Tramore’s beautiful beach, adjacent to AIB and immediately adjacent to the town’s urban development and regeneration centre , the property is perfectly placed to take full advantage of the significant investment soon to be enjoyed by this thriving town.

"The premises presently operates as a restaurant and bar with accommodation c 325 sq m (GIA) comprising Entrance lobby, bar x 2 , dining areas, ladies and gents on two floors, store rooms, cold and chiller room and all ancillary services. Independent access to each floor. Beer garden to the rear suitable for seating with separate walled outdoor section for utilities.

"The premises fronts on to Strand St and has access at the lower side on to Turkey Road. Well presented throughout with a suitable coastal theme, solid wood and natural slate floors with traditional style bar. PVC double glazing, gas fired central heating. The property can be sold with vacant possession. Lease details and plans of the subject property available on request.

"Rooms

  • "Lower Ground Floor
  • "Bar

10.00m x 7.34m (32'10" x 24'1")

  • "Ground Floor
  • "Dining Room: 13.00m x 5.40m (42'8" x 17'9"); Solid Timber Floor
  • "Alcove with further dining space: 5.40m x 2.60m (17'9" x 8'6")
  • "Ladies & Gents: 5.40m x 2.60m (17'9" x 8'6")
  • "First Floor Dining Room: 5.20m x 4.40m (17'1" x 14'5"); Solid Timber Floor, Wooden Blinds
  • "Kitchen: 6.20m x 6.13m (20'4" x 20'1"); Separate access to kitchen from street
  • "Prep/Store Room: 5.20m x 1.74m (17'1" x 5'9").

The Forum

The Forum of Ballymoss Road, Sandyford Industrial Estate, Sandyford, Dublin 18, is being sold via Herbert & Lansdowne Estate Agents for €450,000.

The property's listing on property.ie states, "Herbert & Lansdowne Estate Agents are delighted to present this opportunity to acquire a substantial ground floor restaurant premises in the heart of Sandyford. Offered for sale Shell & Core it allows the purchaser to start with a blank slate and implement their own ideas for the space. At approximately 252sqm of usable floor space it can fit a variety of uses.

"Located opposite the Green Line LUAS allowing easy access for staff and customers. Other local transport facilities include the N11 & M50.

"Nearby villages of Stillorgan, Foxrock & Dundrum allow for a broad customer base.

"Rates: €17,527.84

"Service Charge: €3,170.92

"Disclaimer:
"The above particulars are issued by Herbert & Lansdowne on the understanding that all negotiations are conducted through them. Please note that 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.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email