CB Richard Ellis and joint agents Mullery auctioneers have confirmed their instructions to offer for sale a number of commercial properties in Clifden and Galway, namely the Rock Glen Hotel, Clifden; J Conneely’s Bar, Clifden; a retail/residential premises in Clifden; the D’Arcy Inn, Main Street, Clifden; and the Crane Bar, Sea Road, Galway.
These properties are being offered for sale on behalf of Paul McCann of Grant Thornton, acting as receiver/manager.
The Rock Glen Hotel
This is a stunningly located hotel, situated on the Clifden to Roundstone road and boasting Atlantic sea views. The hotel, which ceased trading last year, has been a popular destination for international and home holiday visitors. The 29 en suite bedroom hotel, together with bar and restaurant, is on an elevated 23 acre (9.2ha ) site with coastal views. Included in the sale is a detached three bedroom family home. The sale offers an opportunity to establish a quality hotel business in the sought after Connemara area. The property is expected to achieve in the region of €1m.
J Conneely’s Bar
This is a popular bar and night club in the commercial centre of Clifden. The complex, which includes eight overhead apartments, is a purpose built facility and extends to a floor area of approximately 1,900sq m. This high profile business has extensive frontage to Market Street and sea views to the rear. It is fully fitted out and enjoys all year trade. The property is expected to achieve in the region of €1m to €1.25m.
Retail/residential premises
This property, which adjoins J Conneely’s Bar, is a three storey over basement building with retail area of 121sq m and separate entrance to upper floors which are suitable for residential use. The premises have excellent street profile in the heart of Clifden and will be of interest to owner occupiers and investors. The property, which is currently let on a short term letting, is expected to sell for in the region of €400,000.
The D’Arcy Inn
This offers an opportunity to acquire a compact town centre bar close to many hotels and holiday homes in the centre of Clifden, the principal tourist town of the Connemara region. The three storey building with seven day licence has frontage to the town’s Main Street and requires some refurbishment. The agents expect the property to achieve a price in the region of €350,000.
The Crane Bar
This Galway city pub is located on Sea Road in the heart of Galway’s entertainment district, a short walk from Shop Street and Jurys Inn Hotel. The two storey over basement corner premises is synonymous with traditional music and has for many years been popular with locals and tourists. The premises include a ground floor bar and first floor lounge/music venue and is fitted in traditional style throughout. The premises is let on a 21-year lease from 2006 and offers investors an opportunity to acquire a city centre pub investment property. The premises are expected to achieve in the region of €900,000 to €950,000.
The joint selling agents have confirmed that the properties have already generated interest from owner occupiers and investors and will be advertising the properties for sale in the next few weeks with a likely best bids process to follow.
For further information contact CB Richard Ellis on (01 ) 6185538 or Mullery auctioneers on (091 ) 567275.
