*** Restaurant Investment with Overhead 2 bedroom apartment***
REA Forkin are delighted to introduce Market Square House to the commercial market For Sale. This property currently occupies a modern 155 sq.m (1670 sq.ft) 50 cover restaurant with rear service yard and store and an overhead, well presented 2 bedroom apartment of approximately 67sq.m (721 sq.ft).
This property is offered to the market in excellent condition. Over the past number of years, the current owners have extended, renovated and modernised this entire property, making Market Square House one of the finest properties in Wicklow.
Donelli’s Restaurant is located on the corner of Market Square and Main Street in Wicklow Town and enjoys one of the best trading locations in the town. The front of the building faces on the pedestrian area of Market Square with outside customer seating overlooking the trees and Billy Byrne monument.
The restaurant is spread over two floors. At ground floor level there is an open foyer/reception area which acts as a café during the day. The ground floor also accommodates customer toilets, fully equipped modern kitchen complete with dumbwaiter to first floor, refrigeration area, staff changing rooms and toilets.
At first floor level there is an open dining room that enjoys plenty of natural light from a number of windows on two sides. In the corner there is a staff preparation area and access to the dumbwaiter. Ladies and gents toilets are located on this level also.
This Café Restaurant on the vibrant Market Square in Wicklow Town has sunny tables outside during the summer and when the weather permits. The interior of this two storey modern eatery is stylish, comfortable and inviting, with lovely light from the windows overlooking the square, and at night, lit by its distinctive chandelier.
The 2 bedroom apartment is found on the third floor of the building and overlooks the Market Square. This apartment is found to be in excellent condition throughout and makes for an ideal rental property or accommodation for occupiers of the restaurant below.
Accommodation comprises of entrance hall, open plan kitchen and lounge area, two double bedrooms with master ensuite and main bathroom.
Apartment BER: F
Projected Rental Gross Income: €37,000 per annum
Projected Gross Annual Yield: 8.22%
Commercial Rates: €3,533.76 per annumm
Water Rates: €1,200 per annum approx
Insurance: Building & Contents etc €1,821 per annum
Downstairs Seating: (5.2 x 6.18m)
Toilet/WC: (1.60 x 2.13m)
Upstairs Seating: (9.86 x 6.05m)
Toilets/WC: (3.03 x 2.60m)
Staff Prep Area: (3.32 x 2.02m)
Kitchen: (4.52 x 4.32m)
Staff Toilets: (3.05 x 9.37m)
Hall: (4.85 x 0.93m)
Kitchen/Diner: (5.25 x 4.50m)
Bedroom 1: (5.61 x 2.79m)
Bedroom 2: (3.75 x 3.71m)
Ensuite: (2.93 x 1.55m)
Bathroom: (2.1 x 2.1m)
Coming south bound from Dublin on the N11 take the Rathnew/Wicklow Town turn off. Proceed straight through Rathnew Village south towards Wicklow Town. Coming in to Wicklow you will pass Lidl and Tesco on your left. Continue straight in to the town and across The Mall. Market Square House is found on the right hand side at the corner of Main Street and Market Square.
Viewing by appointment with REA Forkin (Wicklow) 0404 61933.