GVM Auctioneers Limerick
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https://www.lslproperty.com/PropertyLotDetail-GVMAL-4995117
For Sale
For Sale by Public Auction Prime Licensed Premises, Limerick City
Auction on Wednesday 29th October @ 3 pm in our Limerick City Auction Rooms, 25/26 Glentworth Street, Limerick. (Unless previously sold)
This is a rare opportunity to acquire a landmark, seven-day licensed premises located in the heart of Limerick city centre. The Imperial is ideally positioned in a densely populated residential area with excellent local established trade and strong passing footfall. This superb two-storey property is presented in turnkey condition having been meticulously maintained over the years by the current operators.
The ground floor features:
• A substantial front bar: beautifully decorated, tiled flooring, modern seating, fitted bar counter and shelving. Ladies and gents off.
• A spacious lounge area with a feature vaulted ceiling.
• To the rear, a large and attractive function room, ideal for events, which opens onto a private outdoor smoking area.
This property is for sale fully furnished, complete with unique décor, bric-a-brac, sporting memorabilia, and ornaments all adding to its authentic character and atmosphere.The function room offers enormous potential for further development, including the possibility of a food service or restaurant business.This area also provides amble opportunity to host functions and parties.There is a yard to the side and cold rooms in the rear elevated area.
Overhead accommodation comprises a self-contained three-bedroom unit, currently used for storage and administration, but readily adaptable for residential use.
This long-established venue has traded very successfully for many years and represents an exceptional opportunity for an enthusiastic operator to take over a thriving business.
Location Highlights:
• Just a few minutes` walk from Colbert Train & Bus Station
• 10 minutes` walk from Limerick city centre
* High density residential developments nearby
* Very much in turnkey condition
* Excellent existing turnover in wet sales only
* Potential to develop a food business
Inspection is highly recommended to fully appreciate the quality and potential of this property. Genuine reason for selling as vendors retiring after 35 years of very successful trading.
Attending bidders must pre-register prior to the auction. If you wish to bid via online auction on www.lslauctions.com.
You will need to register with GVM Auctioneers at least 3 days before the sale and pay a bidding deposit.
Full details and appointment to view on request. Call Tom Crosse on 087 2547717.
Solicitors: Michael Noonan, Maurice F Noonan & Co, Rathkeale, Co. Limerick.
Directions
Enter V94 R83P in your mobile device. GVM sign erected.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Utilities
Electric: Unknown
Gas: Unknown
Water: Unknown
Sewerage: Unknown
Broadband: Unknown
Telephone: Unknown
Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No
Available
Guide Price: 450,000
The Imperial Bar & Lounge, 27 Upper Careys Road, Limerick
For Sale by Public Auction Prime Licensed Premises, Limerick City
Auction on Wednesday 29th October @ 3 pm in our Limerick City Auction Rooms, 25/26 Glentworth Street, Limerick. (Unless previously sold)
This is a rare opportunity to acquire a landmark, seven-day licensed premises located in the heart of Limerick city centre. The Imperial is ideally positioned in a densely populated residential area with excellent local established trade and strong passing footfall. This superb two-storey property is presented in turnkey condition having been meticulously maintained over the years by the current operators.
The ground floor features:
• A substantial front bar: beautifully decorated, tiled flooring, modern seating, fitted bar counter and shelving. Ladies and gents off.
• A spacious lounge area with a feature vaulted ceiling.
• To the rear, a large and attractive function room, ideal for events, which opens onto a private outdoor smoking area.
This property is for sale fully furnished, complete with unique décor, bric-a-brac, sporting memorabilia, and ornaments all adding to its authentic character and atmosphere.The function room offers enormous potential for further development, including the possibility of a food service or restaurant business.This area also provides amble opportunity to host functions and parties.There is a yard to the side and cold rooms in the rear elevated area.
Overhead accommodation comprises a self-contained three-bedroom unit, currently used for storage and administration, but readily adaptable for residential use.
This long-established venue has traded very successfully for many years and represents an exceptional opportunity for an enthusiastic operator to take over a thriving business.
Location Highlights:
• Just a few minutes` walk from Colbert Train & Bus Station
• 10 minutes` walk from Limerick city centre
* High density residential developments nearby
* Very much in turnkey condition
* Excellent existing turnover in wet sales only
* Potential to develop a food business
Inspection is highly recommended to fully appreciate the quality and potential of this property. Genuine reason for selling as vendors retiring after 35 years of very successful trading.
Attending bidders must pre-register prior to the auction. If you wish to bid via online auction on www.lslauctions.com.
You will need to register with GVM Auctioneers at least 3 days before the sale and pay a bidding deposit.
Full details and appointment to view on request. Call Tom Crosse on 087 2547717.
Solicitors: Michael Noonan, Maurice F Noonan & Co, Rathkeale, Co. Limerick.
Directions
Enter V94 R83P in your mobile device. GVM sign erected.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Utilities
Electric: Unknown
Gas: Unknown
Water: Unknown
Sewerage: Unknown
Broadband: Unknown
Telephone: Unknown
Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No
Important Info / Terms and Conditions
TERMS & CONDITIONS - PLEASE READ CAREFULLY
• Viewing:
If you wish to view the property, you should contact GVM Auctioneers on 061413522. We will facilitate you and arrange access for you and/or your surveyor.
• Description Of Property:
The particulars contained in our brochure / advertising / social media are issued by GVM Auctioneers on the understanding that all negotiations are conducted through them. All descriptions, dimensions, etc., included in the particulars, and any statements made by GVM Auctioneers or our representatives, are made in good faith and are not intended to form a basis for any Contract. Any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the accuracy of same before committing themselves to a Contract. Any maps, plans or photographs in the brochure shall be indicative only and shall not form part of the Contract.
• Guide Price:
The guide price should not be construed as being the selling price of the property and it is the purchaser’s responsibility to decide on how much to bid at the auction.
• Legal Documentation:
Prior to the auction, the solicitor for the vendor will make available the legal documentation in relation to the property, copies of which are available from vendor’s solicitor or GVM Auctioneers Estate Agents. It is important to consult your solicitor in relation to the Contracts / Conditions Of Sale of the property before bidding as you will become legally bound by the said Contract / Conditions Of Sale if you are the highest bidder and the property is knocked down to you.
• Identification:
In order to register, it will be necessary to upload a copy of your passport / driving licence and proof of address, i.e., bank statement, correspondence from a Government agency / source, dated within the last 3 months.
• Registration:
In order to bid at the auction, it will be necessary to register with our office on 061413522, at least 2 business days prior to the auction. The auctioneer assumes the bidder is bidding for himself/herself. If the bidder intends to purchase a Lot in a name other than his or her personal name, arrangements must be made with the auctioneers in advance. By registering you are deemed to have accepted the terms and conditions of the auction and authorise us, as agents for the vendor, to sign the completed Contract for Sale on your behalf.
• Reserve Price:
The price agreed between the vendor and the auctioneer at which the property can be sold. In the event of the property not reaching the reserve, the auctioneer will deal exclusively with the highest bidder (for half an hour following the auction) in order to realise a satisfactory sale. If a deal is not concluded, then the auctioneer may deal with the under-bidders and any other interested parties following that period of negotiation.
• Deposit:
A deposit of 10% of the projected guide price is required in order to bid and this is payable in advance of the auction by online bank transfer. Our bank details will be provided to you at registration. The successful bidder’s deposit will become non-refundable as soon as the property is sold and a binding Contract is entered into and the agents are hereby authorised to sign the Contract For Sale on your behalf. The deposit payable on the signing of the Contract is 10% of the purchase price. If there is a shortfall in the deposit furnished by the purchaser prior to the auction, then the purchaser shall be required to lodge the balance of the deposit with the auctioneers within 1 business day of the online auction. If you are not the successful purchaser, your deposit will be returned to you (in full).
• General Conditions:
The highest bidder to be the purchaser, subject to the right of the owner to withdraw the property should the reserve not be met.
The Particulars and Conditions Of Sale may change prior to the auction and it is the sole responsibility of the bidder to make sure they have the latest version.
The auctioneer reserves the right to sell the property prior to auction, withdraw the property from auction, change the order of the Lots, or consolidate the Lots without any notice to any prospective purchaser.
• LSL Online Platform:
Neither GVM Auctioneers (Estate Agents) or LSL Online Auctions, their servants or agents shall be responsible in any manner whatsoever, whether in contract law, tort, common law or otherwise for any loss arising in whatever fashion as a result of loss of internet connectivity during the auction process. The bidder accepts that such contact is at the bidder’s own risk and in the event that the internet link is not established or breaks down, or if there is any confusion or disruption, then the bidder will not be able to participate in the auction.
• Viewing:
If you wish to view the property, you should contact GVM Auctioneers on 061413522. We will facilitate you and arrange access for you and/or your surveyor.
• Description Of Property:
The particulars contained in our brochure / advertising / social media are issued by GVM Auctioneers on the understanding that all negotiations are conducted through them. All descriptions, dimensions, etc., included in the particulars, and any statements made by GVM Auctioneers or our representatives, are made in good faith and are not intended to form a basis for any Contract. Any intending purchaser should not rely on them as statements or representations of fact but should satisfy themselves by inspection or otherwise as to the accuracy of same before committing themselves to a Contract. Any maps, plans or photographs in the brochure shall be indicative only and shall not form part of the Contract.
• Guide Price:
The guide price should not be construed as being the selling price of the property and it is the purchaser’s responsibility to decide on how much to bid at the auction.
• Legal Documentation:
Prior to the auction, the solicitor for the vendor will make available the legal documentation in relation to the property, copies of which are available from vendor’s solicitor or GVM Auctioneers Estate Agents. It is important to consult your solicitor in relation to the Contracts / Conditions Of Sale of the property before bidding as you will become legally bound by the said Contract / Conditions Of Sale if you are the highest bidder and the property is knocked down to you.
• Identification:
In order to register, it will be necessary to upload a copy of your passport / driving licence and proof of address, i.e., bank statement, correspondence from a Government agency / source, dated within the last 3 months.
• Registration:
In order to bid at the auction, it will be necessary to register with our office on 061413522, at least 2 business days prior to the auction. The auctioneer assumes the bidder is bidding for himself/herself. If the bidder intends to purchase a Lot in a name other than his or her personal name, arrangements must be made with the auctioneers in advance. By registering you are deemed to have accepted the terms and conditions of the auction and authorise us, as agents for the vendor, to sign the completed Contract for Sale on your behalf.
• Reserve Price:
The price agreed between the vendor and the auctioneer at which the property can be sold. In the event of the property not reaching the reserve, the auctioneer will deal exclusively with the highest bidder (for half an hour following the auction) in order to realise a satisfactory sale. If a deal is not concluded, then the auctioneer may deal with the under-bidders and any other interested parties following that period of negotiation.
• Deposit:
A deposit of 10% of the projected guide price is required in order to bid and this is payable in advance of the auction by online bank transfer. Our bank details will be provided to you at registration. The successful bidder’s deposit will become non-refundable as soon as the property is sold and a binding Contract is entered into and the agents are hereby authorised to sign the Contract For Sale on your behalf. The deposit payable on the signing of the Contract is 10% of the purchase price. If there is a shortfall in the deposit furnished by the purchaser prior to the auction, then the purchaser shall be required to lodge the balance of the deposit with the auctioneers within 1 business day of the online auction. If you are not the successful purchaser, your deposit will be returned to you (in full).
• General Conditions:
The highest bidder to be the purchaser, subject to the right of the owner to withdraw the property should the reserve not be met.
The Particulars and Conditions Of Sale may change prior to the auction and it is the sole responsibility of the bidder to make sure they have the latest version.
The auctioneer reserves the right to sell the property prior to auction, withdraw the property from auction, change the order of the Lots, or consolidate the Lots without any notice to any prospective purchaser.
• LSL Online Platform:
Neither GVM Auctioneers (Estate Agents) or LSL Online Auctions, their servants or agents shall be responsible in any manner whatsoever, whether in contract law, tort, common law or otherwise for any loss arising in whatever fashion as a result of loss of internet connectivity during the auction process. The bidder accepts that such contact is at the bidder’s own risk and in the event that the internet link is not established or breaks down, or if there is any confusion or disruption, then the bidder will not be able to participate in the auction.
Please use the form below to contact the agent
Contact Agent
Contact GVM Auctioneers Limerick on +353 61 413 522