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€500,000 SALE AGREED

The Hi Bi Hotel, Strand Street, Tramore, Co. Waterford

10010 sq. ft.

Restaurant / Bar / Hotel

Property Overview

  • Available From: Immediately


  • Sale Type: For Sale by Private Treaty
  • Overall Floor Area: 10010 sq. ft.
OFFERS IN EXCESS OF €500,000 The Hibernian Hotel is a superb opportunity to acquire a long established and fully licenced premises located in the thriving centre of Tramore's amenity area, only 50m from the Lady's slip with access to Tramore's beautiful 5 km bay and beach. The Hotel is a 10-minute drive to Waterford City and to all rail, bus and road routes. Situated in a very prominent location at the junction of Turkey Road and Strand Street, The Hibernian occupies c. 930 m.sq (10,000 sq.ft) of prime real estate, with excellent road frontage, offering significant business potential. This substantial property comprises 10 en-suite bedrooms, nightclub, sports bar, cellar bar, restaurant and a small self-contained retail unit. There is further development potential to convert the premises into a 66- bed hostel with café and launderette whilst maintaining the nightclub and bar (as per previous planning permission - now expired). Tramore is a growing tourist attraction for domestic and international visitors and provides a gateway to the South East of Ireland and to the spectacular Copper Coast. Areas of interest nearby include The Waterford Greenway, The Doneraile Walk, The Pier and The Guillimean. Amenities in Tramore include the Racecourse, Tramore Golf Course, Lafacado Hearne Gardens, Splashworld and T-Bay Surf and eco centre. This year, Tramore welcomes the opening of The Sands Hotel, The Waterfront bar and restaurant and The Ranch restaurant. In addition, a new Aldi will be opening 200 m from the hotel and there are plans to pedestrianize the Main Street, with provision for outdoor recreational areas. With the regeneration of the town centre, the new owner is guaranteed the acquire a solid business with an established trade and proven reputation. Certified Turnover Figures are available on request. Tramore Tourism Statistics On a sunny day typically a Sunday in the summer our visitor rate peaks and the population of Tramore will double. The current population of Tramore is 11,000 making it he biggest town in Waterford County Weekend - Population of the town doubles 22,000 per day Week day -Population of the town increases by 30% to an average of 3,300 per day Total average weekly visitor count in high season: 38,500 per week. ACCOMMODATION Reception Area - c. 13 m². / 140 ft² Sports Bar & Lounge - c. 110 m² / 1,184 ft² Fully fitted mahogany bar with mixed upholstered seating, mahogany and pine tables. Solid timber floors in bar area, carpet in lounge section Nightclub - c. 268 m². / 2,884 ft².. Fully fitted solid oak bar, counter and backdrop. Dance floor and DJ station. Bathrooms Ladies 4 x w.c. and 3 x w.h.b. Gents 2 x w.c. and 2. w.h.b. Off-Licence - c. 27 m². / 291 ft.². Fully fitted display and refrigerated units. BASEMENT Cellar Bar - c.155 m². / 1,680 ft.² Old world style bar with timber floors and beamed Ceilings. Smoking Area - c.16 m.² / 172 ft.² Kitchen - c.33 m² / 355 ft.² Fully equipped catering kitchen for bar food preparation Store Room - c.19 m². / 204 ft ² Keg Cooler Room - c.12 m². / 129 ft.² Store Rooms Store Room 1 c.14 m²/ 151 ft.² Store Room 2 c. 20 m². / 215 ft.² FIRST FLOOR Guest Accommodation Guest Accommodation 10 en-suite bedrooms fitted with TV, hairdryer, safe, tea and coffee making facilities. Floor to ceiling tiling in bathrooms. SERVICES Mains water, electricity and sewerage. Premises fully alarmed/Security cameras throughout Natural mains gas

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