The Office Bar and Holiday Hotel in Salthill on offer for €950,000

The Office Bar and Holiday Hotel in Salthill, along with three apartments to the rear of the building, have come on the market with a price tag of €950,000.

Number 181 Upper Salthill comprises the bar – with a long-term tenant in place – and 10-bed hotel, as well as two 3-bed and a two-bed apartment at Lann na Farraige to the rear.

According to selling agents O’Donnellan & Joyce, the three apartments are presented in excellent condition throughout, providing a gilt-edged residential investment.

The hotel comprises a reception area, with sleeping accommodation on the first floor and second floor comprising five bedrooms (all en-suite) on the first and second floors. The bar and hotel are held on a 35-year lease. The tenant is not affected by the sale.

Selling agent Kyle O’Brien said: “The Office licensed premises comprises a welcoming bar area, public toilets, separate back room with bar and a small kitchen area.

“The term is a 35-year lease with an excellent rent from a long-term tenant, who enjoys an established business in what is recognised as one of Salthill’s leading licensed premises with boutique hotel overhead.

“This is an excellent opportunity to acquire an excellent mixed commercial/residential investment with an excellent yield,” said Mr O’Brien.

The asking price is €950,000. For further information contact O’Donnellan & Joyce Auctioneers on 091 564212.