This substantial licensed premises of about 6,552 sq ft is located just off O'Connell Street in Limerick City Centre.

The property was completely refurbished in 1996 and it has a full seven-day liquor licence, dance licence and restaurant licence.

The property is situated off O'Connell Street (Main Street) on Cecil Street making it a real city centre location.

The accommodation is provided in basement, ground, first, second, third floors. In the basement is situated a bar/nightclub area of about 1,593 sq ft.

There is also a cold room of 304 sq ft. The store room/service room is 215 sq ft. The lobby is situated on the ground floor (58 sq ft).

Also located on the same floor include the bar (1,017 sq ft) the kitchen (278 sq ft) the store (71 sq ft); the cloakroom (158 sq ft) and the cash office (114 sq ft).

On the first floor there is a nightclub area of 1,423 sq ft. The second floor contains a private bar (903 sq ft). The third floor contains a kitchen (370 sq ft). The fourth floor is (48 sq ft).

There is a balcony to the rear of the property, which houses the air conditioning unit. The air conditioning unit could be relocated and this balcony possibly used for a smoking balcony (subject to the necessary planning permission and Fire Cert).

Licenses: The auctioneer said that it has been informed that the property has a full seven-day Liquor Licence, Dance Licence, Restaurant Licence and that the property is licensed for the following numbers: Basement 200 persons; Ground floor 150 persons; Night Club 190 persons; Second Floor 120 persons.

The title of the property is held under Freehold Title and that there is a Bond in place for the basement of No 46 Cecil Street guaranteeing its title.

All equipment included i.e. televisions, sound systems, alarm systems, camera systems etc. (Please note that some of these items may need servicing/repair.)

Rates are in the region of €26,000 per annum.

Protected Structure: The auctioneer said that it understands that the front façade of the premises is conservation subject to a conservation/protection order by Limerick City Council.

It is also understood that there is no VAT payable on the purchase of this property and that the previous turnover was in the region of €3m per year (including VAT).

The property is owned by a Holding Company. The company has never traded and the shares in this company are being sold, which will reduce stamp duty payable from 9% to 1%.

The price region is around €2.8m with Rooneys on 061-413511.

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