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The Old George, 2 Caddells Lane Rathfriland , BT34 5PX

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For sale | Licenced/Pub |
Offers around £225,000
Photo 1 of The Old George, 2 Caddells Lane, Rathfriland

Key Information

Address The Old George, 2 Caddells Lane, Rathfriland
Style Licenced/Pub
Status For sale
Price Offers around £225,000

Additional Information

Situated in a prominent position off The Square in the centre of Rathfriland Town. Banbridge in c. 9 miles, Newry City c. 10 miles and Belfast c. 33 miles.

The property comprises of a substantial three storey terrace building that fronts directly onto Caddells Lane. Internal the property provides bar, restaurant, dining room, off sales, function room with owners living accommodation on the first floor.
There are 7 ensuite bedrooms on the second floor. The building has double glazing and oil fired central heating.

Externally there is an extensive car park to the rear with dual access directly from Caddells Lane and secondary entrance through Rathfriland Enterprise Resource Centre. There are a range of outbuildings containing keg and bottle storage.

Ground Floor - Lounge/Bar & Restaurant, WC Facilities, Public
Bar, Kitchen, Off Sales, Dining Room

First Floor - Function Room, Private Residence With 4 Double Bedrooms

Second Floor - 7 Ensuite Bedrooms (1 Family/ 4 Doubles/ 2 Single)

External - Car Park, Out Buildings
Site Area c. 042 Acre (STC)

Sale includes fixtures and fittings but excludes stock.

The business has been held by the same Family for over 30 years and they are seeking to sell due to retirement. The business offers the purchaser an opportunity to enhance the existing business income in this long established premises.

Guide price of £225,000

Accounts will be made available to genuinely interested parties through their accountants only.

Prices are exclusive of, but may be liable to Vat.

We are advised that the commercial NAV of the property is £11,000.

The commercial rate in the £ for 2016/2017 is 0.547

Residential portion - £120,000 – Capital Value

E - 103.

Strictly by appointment with the sole selling agents Best Property Services

Daragh Mallon 07775576858
Gerard Kelly 07796947736

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