EXECUTIVE SUMMARY Rare Opportunity to acquire Hotel and Leisure opportunity in a renowned Irish seaside resort Former 3 star hotel 34 bedrooms Pivotal location on Rosslare Strand Bar, conference and banqueting facilities Night club and bar with independent access Situated approximately 9.8km north of Rosslare Port and approximately 15.5km south of Wexford Town Suitable for a variety of uses (subject to p.p.) LOCATION The subject property is located on the northern side of Rosslare town and positioned on the western side of Strand Road. Rosslare is a renowned seaside resort, located on the east coast of Ireland in Co. Wexford. The area has been a tourist resort for at least 100 years and is officially Ireland s sunniest location, receiving 300 hours more sunshine each year than the average. Cedars Hotel Rosslare benefits from high visitor levels during the summer months and is ideally situated 154km south of Dublin City Centre and approximately 15km south of Wexford Town. Rosslare Strand is a Blue Flag beach and attracts a high annual tourist footfall. The locality is complimented by many tourists facilities and local golf courses include Rosslare Golf Club, St. Helens Golf and Country Club and Wexford Golf Club. N.B. For identification purposes only
S COLD ROOM YARD CLOAKS 8.1 SQM CLOAKS 8.4 SQM KITCHEN WASH UP ENTRANCE EXIT G.L. 3.74 WALL G.L. 6.51 G.L. 6.12 COLD ROOM LAUNDRY DIS WC DIS WC ENTRANCE LAUNDRY STAFF LIFT G.L. 3.56 G.L. 3.14 G.L. 3.70 DESCRIPTION The subject property is situated on a site of approximately.9 acre and was formerly a 3 star hotel with 34 Bedrooms. The hotel is arranged over 3 levels and provides for a number of facilities, including a ground floor bar & lounge, dining room, function room and a night club, with a separate entrance. There is a carpark to the front of the hotel providing for approx. 60 car spaces. The property is accessible from Strand Road and rear delivery access is available off Grange Road. DINING ROOM ENTERTAINMENT FUNCTION ROOM ROOM ROOM ROOM ROOM ROOM ROOM RESTAURANT KITCHEN BATH BATH BATH BATH BATH BATH FOYER RESTAURANT RECEPTION FOYER CAR PARK NO.1 CAR PARK NO.1 BATH BATH BATH BATH BATH BATH ROOM ROOM ROOM ROOM ROOM ROOM GROUND FLOOR AND SITE PLAN TYPICAL FIRST & SECOND FLOOR
TOURISM Overall, industry sentiment on the island of Ireland and the outlook from overseas trade partners remains positive for the season ahead. Latest intelligence for May suggests that bookings and performance are generally ahead of the same period in 2016. Overseas arrivals to Ireland grew by +2% overall during the period January April 2017, according to the latest CSO figures. It is estimated that there will be over 550,000 direct, one-way airline seats available each week to the island of Ireland this summer season. This is a record number of seats and a +4% increase in capacity on the same period last year. Looking at the first four months of the year, published air passenger traffic results to Ireland for the period were up +6%. Passenger numbers on ferry services to and from Ireland, which also include Irish residents, were up +4% YOY for the January to April period. Hotel and guesthouse owners across Ireland are reporting a strong first five months overall. Although business from Great Britain is slow, other markets are more than making up for the shortfall and both occupancy and room rates are performing positively. Larger attractions across Ireland are performing very well overall, with some very strong individual markets, such as the US, compensating the performance from the British market. Overall, sentiment is positive from overseas trade partners, as well as tourism businesses across the island. Source: Tourism Ireland SAOR (Situation & Outlook Analysis Report)
Title We are advised that the property is held freehold. Licence 7 day ordinary licence (Publican s Licence) Guide Price 850,000 VAT We are advised that VAT will arise on the transaction. BER Contact QRE Real Estate Advisers Waterloo Exchange Waterloo Road Dublin 4 D04 E5W7 T: + (0) 1 637 5555 www.qre.ie Conor Whelan MRICS MSCSI conor.whelan@qre.ie T: + (0) 1 637 5549 Aishling O Hanlon aishling.ohanlon@qre.ie T: + (0) 1 637 0454 BER No.: 800106361 BER Advisory: 694.21kWh/m2/yr2.09 Viewing All viewings are strictly by appointment through the sole agent. PSRA Registration No. 003587 The agents on their own behalf and on behalf of the vendor/lessor of this property, give notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither the agents nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and 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.