Taywan Taylor Jersey  The Lakelands Bar, Mahon, Cork. – Downing Commercial

The Lakelands Bar, Mahon, Cork.

Listing ID: ID-630
September 24, 2013

Property Description

FOR SALE by Private Treaty

  • An imposing two storey Public House extending to 10,000 sq ft approx of which approx 7,000 sq ft is on the ground floor. It is set on a large site of approximately 0.6 acres.
  • Redevelopment opportunity.
  • High profile location on Avenue de Rennes in Mahon which is a very populated and mature suburb of Cork.
  • Ground floor provides a Large bar with an adjoining and interconnecting lounge / pool room and an off-licence. There is also ancillary kitchen, toilets and stores at ground floor level. On the 1st Floor there is a self contained function room & toilets.
  • Full 7 day licence, It is currently leased on a 4 yr 9 month lease The landlord can obtain vacant possession subject to 3 months notice.

Tenure:
999 lease from 1993.
Tenancy:
Leased to Edwin and John Casey on 4 yr 11 months at an annual contracted rent of 52,000 Euro pa exclusive of outgoings from March 2010.

There is an anytime break option in favour of the landlord subject to 3 months written notice.
Licence:
There is a Meteor mobile phone mast on the building which generates in the order of 14,000Euro per annum. The licence is for a 5 year term from January 2009.
Rates:
RV is €253

 

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