Crough's KCR House 324/326 Kimmage Road Lower,

On the instructions of the Clients who acquired the subject properties in October 2000. The KCR House is a two-storey, end-of-terrace commercial building with a rear single-storey extension. These well known Licensed Premises are currently tenant operated on very conservative levels and therefore capable

On the instructions of the Clients who acquired the subject properties in October 2000.

The KCR House is a two-storey, end-of-terrace commercial building with a rear single-storey extension.

These well known Licensed Premises are currently tenant operated on very conservative levels and therefore capable of sustaining high volumes of trade derived from the substantial surrounding mature residential areas. The current rent of €52k p.a. reflects a month-to-month agreement and the most recent rent contracted prior to cessation of lease was €117,000 p.a.

The ground floor features a traditional style lock-up Licensed Premises laid out with Public Bar, Lounge Bar and storage & service areas together with rear smoking area.

The first floor comprises a former function lounge and toilets, currently unused which enjoys the benefit of Full Planning Permission (5035/23) for conversion to Residential Use.

The adjoining residential property (324 Kimmage Rd) comprises a Pre ’63 unit and is laid out as two separate one-bedroom apartments.

The Licensed Premises accommodation presents an opportunity to secure with Vacant Possession thereby enabling an “Owner Operator” potential to occupy and trade. Alternatively, the opportunity also exists to re-let under new Lease Terms with potential to secure an increase in rent.

The entire affords excellent investment income potential with the added benefit of development potential to further bolster the overall rental income.

Importantly the Licensed Premises accommodation also enjoys the benefit of Full Planning Permission for the conversion of the upper floor Lounge and rear into 3 Apartments (1 x 2 Bed & 2 x 1 Beds) as per planning register reference 5035/23.