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Hotel In Ireland For Sale

Donegal
Asking Price:
€700,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Property Description:
Features
- Hotel on the banks of the River Erne.
- 35 ensuite bedrooms.
- Bar, restaurant, function and gym facilities.
- On site parking to rear.
- Ready to go business opportunity

Rare opportunity to purchase an existing Hotel premises, ideally located on the banks of the River Erne. Belleek is a thriving border market town and is internationally renowned for Belleek Pottery. The Hotel is currently closed, however this property provides a purchaser with a "ready to go" business providing a modern and well fitted out hotel. The hotel has traded successfully in the past and provides an ideal setting for weddings and additional seasonal trade due to its close proximity to Donegal. Furthermore the hotel is located close to the Lough Erne Golf Resort. The greater part of the village lies within County Fermanagh and part of it across the border into County Donegal. Enniskillen lies approximately 23 miles southeast of Belleek via the scenic A46.

The property itself comprises of a two storey hotel with part basement which is of traditional construction covered primarily with a pitched roof. To the rear of the property adjacent to the car park is the most recent development which comprises 16 no. ensuite bedrooms. Much of the bar, restaurant and bedroom accommodation overlooks the River Erne.

Internally the hotel comprises the Front and Riverfront bars, restaurant, function room, 35 no. ensuite bedrooms (several of which require modernisation), with ancillary service accommodation and facilities. The hotel is equipped and provides the purchaser a ready to go opportunity, with fixtures and fittings included within the sale.
Accounts are not available as the Hotel has been closed for several months and was previously leased, this has been reflected in the price.
The hotel comprises 35 no. ensuite bedrooms over ground and first floors providing double, twin and triple room accommodation including a luxurious honeymoon suite. The rooms are finished to a good standard in particular the newer accommodation comprising 16 ensuite rooms with the remaining 19 bedrooms forming part of the original building (all of which require modernisation).

The property provides adequate ancillary and service staff accommodation as well as space for a gym located in the lower ground. The building is serviced by a passenger lift over the 3 levels.

Externally the hotel provides approximately 30 car parking spaces to the rear as well as bottle and smoking facilities to the front and side overlooking the River Erne.

ACCOMMODATION
Part Basement
Includes space for gym with wc/shower facilities.
Ground Floor
Reception, front Bar, Riverfront Bar, Clogher Function Suite, Erne Restaurant, Kitchen/Stores and 8 ensuite bedrooms.
First Floor
27 ensuite bedrooms including a honeymoon suite (some of which require modernisation)
FIXTURES & FITTINGS
Most of the fixtures and fittings within the building are owned by the vendor which will be included in the sale.
TENURE
The premises is on a leasehold basis, under a 1000 year lease which commenced on the 13th March 1986.
RATES
The Land and Property Services web site advises the Net Annual Value of the property is £45,000 and the current rate in the £ is £0.5474. Therefore producing an annual rates liability of circa £24,635.

Directions
Located on the banks of the River Erne near Belleek Pottery Visitor Centre. Belleek is a thriving border market town and is internationally renowned for Belleek Pottery.
The greater part of the village lies within County Fermanagh and part of it across the border into County Donegal. Enniskillen lies approximately 23 miles south east of Belleek via the scenic A46. In addition Belleek is located 106 miles (170 kms) west of Belfast, 125 miles (201 kms) north west of Dublin and 62 miles (100 kms) south west of Derry.

Property information

Real Estate:

Real Property Included

Living Accommodation:

35 bedroom Hotel

Premises Details:

35 Bedroom Hotel. 19 rooms require renovation. The Hotel is currently closed, however this is an ideal location and investment opportunity.

Other Information

Financing available:

No

Furniture / Fixtures value:
€200,000

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