12 Greencastle Street,

ADDITIONAL INFORMATION

An exciting opportunity to acquire Patsy's Bar, a well-known former public House located in the heart of Kilkeel. Although no longer trading, the property still holds an active liquor license valid until 2027, offering a unique prospect for those looking to revive a bar business or explore other commercial ventures.
Patsy's Bar boasts a traditional layout with a spacious bar area, ample seating, and room for live entertainment or dining. The property also includes a two-bedroom apartment on the upper floor, ideal for owner accommodation or as a rental unit for additional income.

The owner is open to selling the liquor license separately, providing flexibility for buyers who may wish to purchase the license independently from the property itself.

This is a fantastic opportunity for investors, publicans, or entrepreneurs looking to establish themselves in Kilkeel with the advantage of an existing license and versatile premises.

LOCATION

The Property is located in the heart of Kilkeel, a bustling and vibrant coastal town nestled at the foot of the Mourne Mountains in County Down. This prime location places the property on one of Kilkeel’s most prominent and well-traveled streets, ensuring excellent visibility and foot traffic for any commercial venture. Greencastle Street is a key artery through the town, surrounded by a mix of established businesses, retail outlets, and essential services, making it a central hub for local commerce.

The property is also just a short distance from Kilkeel Harbour, one of the largest fishing ports in Northern Ireland, adding to the area’s economic activity. The strategic location provides easy access to major roads, connecting Kilkeel to nearby towns such as Newry and further afield to Belfast and Dublin, making it an ideal spot for businesses looking to attract both local customers and those from surrounding regions.

DESCRIPTION & KEY FEATURES

- Traditional Pub Layout: The property boasts a spacious bar area with ample seating, creating an inviting atmosphere perfect for social gatherings, dining, or live entertainment.
- Versatile Space: The layout allows for various configurations, whether as a traditional pub, restaurant, or a new commercial venture.
- Two-Bedroom Apartment: The upper floor includes a well-maintained two-bedroom apartment, ideal for owner accommodation or as a rental unit, offering additional income potential.
- Flexible Licensing Options: The owner is open to selling the liquor license separately, providing flexibility for buyers who may wish to purchase the license independently of the property.
- Solar Panels
- Yard With Rear Access

NAV

We are advised that the NAV is £10,100.00

Estimated Rates Payable 22/23: £5,863.39 per annum.

The property should benefit from the Small Business Rates Relief Scheme, which would provide an occupier with a 20% reduction in rates payable. However; we recommend that you verify this with Land & Property Services.

VIEWING DETAILS/ FURTHER INFORMATION

For further information or to arrange a viewing, please contact:

Stephen Gray, Manager - Commercial Property

T: 028 300 50633

E: [email protected]

These particulars are issued by Bradley Estates NI Ltd on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in preparing them, Bradley Estates NI Ltd for themselves and for the vendor/lessor whose agents they are, give notice that:- (i) the particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract, (ii) any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access or any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness, (iii) neither Bradley Estates NI Ltd, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Note: All plans and photographs are for identification purposes only. Subject to contract.