c. 8.7% Rental Yield, Milltown Manor, Enniskillen, BT943GJ

Starting Price* £340,000

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  • Overview
  • Particulars
  • Request Details
  • Agent Details
  • Deposits & Charges Explained

Property Overview

For sale by McGovern Estate Agents via the iamsold Bidding Platform

This premises is Tempo`s largest public house & restaurant, spanning over two floors with a modern large bar, fully functional kitchen, private function room at lower ground floor which offers excellent scope to cater for large events and new smoking areas all fitted out to a high standard.

Trading very successfully over a number of years building a loyal customer base, this premises presents a rare opportunity to acquire a public house with all the necessary facilities in place, has endless possibilities for interested parties and an excellent opportunity for someone seeking to establish a successful business.

The premises includes all equipment necessary to run a successful business with all services in good working order including gas system upgraded 2 years ago, fire system. camera system & alarm system, fridges, taps, fully fitted kitchen and benefits from vehicular access via rear carpark for deliveries with easy access to the keg room.

The premises is in great condition, tastefully presented throughout and one of the most impressive public houses in Fermanagh.

This licensed premises need to be inspected to fully appreciate the extent of the fit out and layout etc.
Alternative Option to Rent Public House & Restaurant Only.

Apartments:
Included in this premises is 2 bed 1st floor apartment recently renovated and a 1 bed ground floor apartment only constructed within the last 2 years with all windows triple glazed. These apartments are both currently occupied by private tenants.

Please see short videos for more info:
2-bed apartment https://www.youtube.com/watch?v=Ve3zaKFw9KI
1-bed apartment https://www.youtube.com/shorts/Q8faXxuvcGk

Features:
Modern Fully Licensed Public House & Restaurant in Heart of Tempo
Split Over Two Levels - Main Bar & Function Room
Tastefully Presented Throughout, Fitted & Fully Functional to High Standard
Commercial Kitchen - Gas Line Upgraded 3yrs ago.
2 Large TVs & 10ft Screen Projector
Pool Table
Open Fire
Certified Smoking Area Less than 2 years old
Function Room at Lower Ground with Private Bar
2x Apartments - 2 bed recently renovated/1 bed newly constructed
Tenure: Freehold
Annual Rates: £2053.13

TO VIEW OR MAKE A BID Contact McGovern Estate Agents or iamsold, www.iamsoldni.com

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Unconditional Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.

The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.

In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.80% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Main Bar
16.0m x 9.1m
Modern Bar with Double Door Entrance, Tiled Flooring, Snugs Both Sides of Entrance with Large Open Fire, 3 Large TV`s Including a 10ft Big Screen Dropdown Projector, Long Fully Equip Bar & Pool Table.

Kitchen
5.5m x 4.2m
Fully Equip Kitchen Includes; 6 Gas Burner, Hot plate, 2 Fryers, Double Stainless Sink, Large Baking Oven, Fridge, Food Holder & Warmer. Gas Tank Supplied at Rear & Renovated 2/3 years ago.

Storage Room
5.0m x 6.0m
Epoxy Painted Flooring, Storage Shelves, Separate Room with Ice Machine & Sink, Door to Front Street for Ease of Access.

Office
2.1m x 4.5m
Office Behind Bar Includes Desk & Cabinet.

Toilets
3.2m x 3.0m
Male Toilets with Vinyl Flooring, Tiled Walls Includes Urinal & 2 Toilets

Disabled Toilet
2.1m x 1.7m
Vinyl Flooring, Toilet & Wash-Hand Basin.

Outdoor Smoking Area
9.3m x 3.9m
Constructed within the Last 2 Years Smoking Compromises Paved Flooring, Barn Style Roof with Several Tables & Chairs, Large TV, Lift, Outdoor Heaters & All Complies with Regulations.

Lower Ground Floor/Function Room
Function Room
16m x 9.2m
Perfect for Private Functions ( birthdays, weddings, funnerals etc.) 2 Set of Stairs to Function Room (1 Private & 1 Public), Consists of a Variety of Carpet/Wooden/Tiled Flooring, Suspended Ceiling, 2 Large Stoned Snugs with 1 Equip with a Fully Functional Bar & Taps, & Dance floor.

Toilets
Female Toilets
3.2m x 3.3m
Vinyl Flooring, 4 Toilets & Wash Hand Basins

Male Toilets
3.5m x 3.0m
Vinyl Flooring, 3 Toilets & Wash Hand Basins

Keg Room
5.8m x 3.6m
Full Functional Keg Room with Applicable Euiptment & Serviced/Cleaned Regularly

Exterior
Smoking Area & Empty Keg Storage, Rear Exit Leading Large Car park& Enclosed Gas Tank.

Request full details for this property

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McGovern Estate Agents

Local Branch: 7a Ann Street, Enniskillen, BT74 7ES
Head Office: 7a Ann Street, Enniskillen, BT74 7ES

Deposits & Charges Explained

c. 8.7% Rental Yield, Milltown Manor, Enniskillen, BT943GJ

This property is sold unconditionally with the successful purchaser required to place a 10% (minimum £6,000.00) non refundable contract deposit and exchange immediately after the auction.

A buyers administration fee of 1.80% (to a mininum of £2,400.00) including VAT is also required under this method payable by the successful bidder in addition to their winning bid.

This property is being sold under the Traditional Method of Auction, which requires immediate exchange of contracts and allows a further 28 days for completion.

Bidder Security Deposit

Where the auction is ran online, as part of the bidder registration process, a bidder security deposit of £6,000.00 is required to be pre-authorised from the Bidder's debit or credit card, through the payment facilities on the website when registering to bid.

A bidder also has the option of paying by Bank Transfer to iamsold's client account, or over the phone card payment. A bid registration will not be approved by iamsold until in receipt of the Bidder Security Deposit in cleared funds.

The pre-authorisation payment will only be captured from the successful bidder on acceptance of their bid.

Once a bid is accepted the Bidder Security Deposit will form part of the non-refundable payment contract deposit and administration fee.

Any balance of the Contract Deposit or administration fee, must be paid by the successful bidder to iamsold within 48 hours of acceptance of their bid.

The outstanding balance can be paid by same day Bank Transfer to iamsold's client account, or over the phone by debit or credit card.

All unsuccessful bidders will have their pre-authorisations released 7 days from the initial authorisation or card payment refunded within 5 working days of conclusion of the auction or from when iamsold is provided with the correct bank account details for the return payment.

Bidder Registration Fee

Where the auction is ran online, all bidders are required to pay a non-refundable £50.00 (inclusive of VAT) registration fee, per property that they register to bid on.

Buyer Fees

There are no other fees or charges payable to the Auctioneer however, there are other costs to consider such as:

  • You will need a Solicitor to act for you during the conveyancing and your Solicitor will advise you in relation to the associated costs. If you do not have a Solicitor, we can recommend the services of one of our Panel Solicitors who are all selected for their expertise in Auction Transactions. Please call the number below for more information.
  • Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland. Please click here for more information.

 

Need More Information?

For further information or to speak to one of our team, please call 028 9560 8380.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection, measurement or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. Properties may be sold via online auction or public auction and bids made prior to public auction may be accepted by the vendors. IAM Sold and our partner auctioneer will share relevant personal information and transactional updates with each other so that we can effectively market and sell properties including the arrangement of viewings and follow up.

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