Commercial Properties

Perys Hotel, Glentworth Street, Limerick City, Co. Limerick

For Sale

Perys Hotel,
Glentworth Street,
Limerick City,
Co. Limerick

Price

€3,500,000

Size

49,535 sq.ft.

Agent

Carley Fahey
Phone: 01 6612003

Description

Pery’s Hotel is located on Glentworth Street in the heart of Limerick city centre. Glentworth Street is just off O’Connell Street, the main thoroughfare in the city. The hotel is in close proximity to Colbert Station Limerick’s main train/bus Station, Shannon Airport and all the amenities the vibrant city of Limerick has to offer.

Limerick is a tourist attraction for both domestic and international visitors and provides a gateway to the south and west. Areas of interest nearby include, The Ring of Kerry, Kenmare and Cobh. Pery’s Hotel is approximately 26km from Shannon International Airport, 100km from Cork, 99km from Galway and 203km from Dublin.

Located on the prominent corner position at the junction of Glentworth Street and Catherine Street is Pery’s Hotel which has been in operation as a hotel since 1878. This four storey over basement hotel has well-appointed accommodation to include 61 en-suite bedrooms which provide a mixture of family, double and single bedrooms. With three different size conference rooms the hotel is ideal for hosting corporate events, functions or weddings. The reception area, Tait’s Gastro Bar and restaurant provide a tranquil environment for guests to dine and relax, along with the gym and sauna facilities.

Currently there is a service agreement in place for the academic year 2019/2020 with an American University on a Discover the World Study abroad programme, which runs from Late August to Mid-December and again from early January to Mid-May, full details can be found in the Data Room. The hotel has the benefit of an additional income stream from two retail tenants located on Catherine Street

o Full access to a data room available upon request

-o Superb opportunity to acquire an established business with ample potential for increased revenues
Assets for sale as a Going Concern, operating business not affected
– 61 bed (ensuite) Hotel
– Failte Ireland Approved Hotel
– 25 secure basement car parking spaces
– City Centre location
– Licences- 7 Day Publican Licence, Music and Singing Licence and Dancing Licence
– TUPE -As the hotel is being sold as a going concern the purchaser will take over the existing employment obligations of the hotel to its staff.

Viewing
Strictly by appointment with the sole selling agent (McNally Handy & Partners). Under no circumstances should any visits to the hotel be made without confirmation from the sole selling agents and the formal scheduling of same.

01 6612003