15 Park Street, Townparks, Dundalk, Co. Louth, A91WE04

An end of terrace public house. Comprising ground floor public house together with ancillary accommodation overhead. Extending to approximately 185 sqm (1,991 sq ft). Located in the centre of Dundalk town. 7 day publicans license. Let to an individual t/a The Phoenix Bar. License expiry 2029. Current passing rent €32,500 per annum NIY 7.78% The property is arranged over the ground and two upper floors to provide an end of terrace public house. Internally, the property comprises an open-plan bar, kitchen area, store and cold rooms, with the Ladies’ and Gents’ WCs on the first floor, together with ancillary accommodation on the second floor. The property is located on Park Street in the centre of Dundalk town benefitting from a high volume of passing footfall. Notable occupiers in the immediate vicinity include The Rum House, Tony's Pizzeria, Dealz and Gr8 Social. Total floor area extending to approximately 185 sqm (1,991 sq ft). All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements The entire property is currently let to an operator under a licence agreement to an individual t/a The Phoenix Bar for a term of 4 years 9 months from 1 May 2024. The licence provides for a stepped increase in rent as follows: Year 1 – €30,000 per annum; Year 2 – €32,500 per annum; Year 3 – €35,000 per annum; Year 4 – €37,500 per annum; Year 5 – €40,000 per annum. There is a mutual break option, exercisable by either party on not less than six months’ prior written notice. Ref: IE0221122000510