O’Donnellan & Joyce is offering one of Salthill’s prime properties at Lohan’s Bar & Restaurant for sale by public auction. A mix of commercial and residential property situated at Nos 232 to 234 Upper Salthill, this sale of Lohan’s includes five exceptional residential apartments overhead with views overlooking Galway Bay.
Lohan’s Bar and Restaurant comes with a seven day licence, has a fully fitted out commercial kitchen and a ‘next door’ off licence. The five apartments at Darcy Court are located overhead and are presented in excellent condition throughout, providing a gilt edged residential investment. This would ideally be suitable for an owner-occupier or for a client looking for a quality commercial/residential investment with an excellent yield.
The bar/restaurant is presented in a welcoming open plan style on the ground floor with the off licence having its own separate entrance. The ground floor bar/restaurant is presented and maintained to a high standard with quality fixtures and fittings and careful attention to the decor throughout. The ground floor accommodates the commercial kitchen and access to a disabled wc. The main ladies' and gents' toilets are accessed via stairs to the basement, also accommodating office space and storage area which is ancillary to the bar.
The apartments at Darcy Court overhead have a communal entrance hall with stairs and lift access to the first, second, and third floors. They are also accessible from Lenaboy Avenue. Accommodation comprises two two-bed apartments on the first floor, two two-bed apartments on the second floor, and a luxurious four bed apartment on the third floor (originally designed as two two-bed apartments ). The rental income per apartment is in the region of €800 per month with the four bedroom apartment being sold with vacant possession. The courtyard encompasses a fabulous communal garden terrace on the second floor. The auction takes place at Harbour Hotel, New Dock Road, Galway, on Friday June 17 at 2pm. O’Donnellan & Joyce has an advised minimum value between €1.15 and 1.25 million. Viewing is strictly by appointment and is highly recommended.
All enquires to Shane McDonagh or Colm O'Donnellan of O'Donnellan & Joyce auctioneers at 091 564212.