LOCATION AND DESCRIPTION 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.
ACCOMMODATION 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)
FIXTURES & FITTINGS Sale includes fixtures and fittings but excludes stock.
BUSINESS OPPORTUNITY 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 Guide price of £225,000
TRADING ACCOUNTS Accounts will be made available to genuinely interested parties through their accountants only.
V.A.T Prices are exclusive of, but may be liable to Vat.
NAV 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
EPC E - 103.
VIEWING Strictly by appointment with the sole selling agents Best Property Services
Daragh Mallon 07775576858 firstname.lastname@example.org Gerard Kelly 07796947736 email@example.com
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Best Property Services are Chartered Surveyors, Estate Agents based in Newry, Northern Ireland. We have been selling commercial, landholdings & residential property in counties Down, Armagh & Tyrone and surrounding areas since 1890.