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Burren Coast Road, Fanore, Doolin, Fanore, Co. Clare

Price on Application
Restaurant / Bar / Hotel For Sale | 3,445 sq. feet (320 sq. metres)
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Overview

Property Description:

Two Commercial properties (Café/Restaurant & Retail) with extensive fixtures and fittings and unrivalled sea views on the second busiest stretch of the Wild Atlantic Way for sale. Fantastic opportunity for significant extension of opening hours, customer base, product lines and turnover.

Investment Potential
Property may be divided into two separate commercial entities under existing planning
Similar properties on the coast are currently leasing for €45,000 - €55,000 with potential yield of 8 - 10%.

Due to structure of sale the purchaser will benefit from
- Reduced 1% stamp duty charge as opposed to standard 6%
- No VAT payable on purchase
- Potential future sale opportunity at reduced 10% CGT rate


Entrepreneurial Opportunity
Profitable and multi-award winning restaurant & deli in operation for 10 years
Restaurant unit seats 45-60 internally and 80+ externally with expansion opportunity
Deli & Adventure unit can be further expanded for hot food take-away/ off licence/ shop / living quarters and art and craft gallery
Fully fitted HACCP Approved GICO kitchen and separate preparation room
Includes fixtures, fittings, state of the art equipment, stock and adaptable website
Full planning, building and fire compliance certification
Licensed for alcohol sales and registered & approved for weddings with HSE

High Demand Location
Very strong demand for commercial properties along the busiest sections of the Wild Atlantic Way from both investors and entrepreneurs with almost no supply currently available in Kerry, Clare, Galway or Mayo. The property is located facing the sea directly on the Galway - Cliffs of Moher & Burren circuit routes - one of the busiest tourist routes in Ireland. The Burren is a special area of conservation and no future commercial development would appear to be permitted in the area plan and, in particular, not on the seaward side of the road. Over 200 tourist buses and thousands of cars pass the building each day between March and October. The tourist season is now almost year round on this stretch of the Coast due to the proximity of the Cliffs, Galway and Doolin to Aran ferries. Fanore village is the fastest growing village in Clare and has seen significant new builds, renovations and a huge increase in tourist beds. There are no directly competing businesses within 15km of the premises. One of the best rated Irish beaches and one of the top walking routes and cycling routes are located beside the restaurant as well as a busy mobile home park and camp-site.

The location and size of premises also provides a great opportunity for package holiday, tour bus or hotel businesses to extend an outpost to the Coast.

Reluctant sale due to current owners' expansion of other business commitments.
Sale Price: €POA

Daft Property Shortcode:

https://www.daft.ie/5783857

Date Entered/Renewed:

16/7/2019 (today, 12 hours ago)

Property Views:

3,184
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Address:

Burren Coast Road, Fanore, Doolin, Fanore, Co. Clare

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Negotiator Photo

Ross Quin

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Burren Coast Road, Fanore, Doolin, Fanore, Co. Clare