An exciting opportunity has arisen in Galway city centre with the sale of a well-established licensed premises operating successfully as a going concern, offered alongside a neighbouring property in need of renovation.
Located in bustling Woodquay with consistent footfall and strong visibility, the licensed premises, currently operating as a bar and casual dining venue, benefits from a full licence, modern interior fit-out, and a fully equipped kitchen and bar.
The property comes to market with tenants in situ. Accommodation includes a basement that is used for kegs, bottles and some foods, an office and storage space. The main bar is on the ground floor and upper ground floor level. The first floor is complete with a ladies and gents bathroom and a kitchen. The property has access from Woodquay as well as a rear access from St Brendan's Avenue.
Adjacent property – full renovation required
Next door, No 30 Woodquay, a separate property, presents a rare chance to add value through redevelopment. The building, which has been vacant in excess of fifteen years, is in need of full refurbishment and offers significant potential for conversion (subject to planning ) to a residential unit (either for rental or as a PPR ), it should qualify for the vacant house grant.
A rare dual-investment prospect
According to selling agent, Fergal Leonard of DNG Maxwell Heaslip & Leonard, Nos 30 and 31 Woodquay offer a rare ‘dual-investment’ opportunity. He added: “The combined offering of a profitable trading business with an adjacent redevelopment site in a prime location is rare in today’s market. With the city’s hospitality and tourism sectors on the rise, and increasing demand for centrally located property, this package is expected to generate strong interest.”
The properties can be sold as one lot or individually.
Viewings are strictly by appointment only. For more information or to arrange a viewing, contact selling agent Fergal Leonard MIPAV, TRV, MMCEPI of DNG Maxwell Heaslip & Leonard on 091 565261.
