Hotels & Leisure


Dungannon is located south west of Belfast approximately 48 miles via the M1 and A26, 97 miles. North West of Dublin and South of Newry, and Derry via...

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Hotels & Leisure savills.ie

Bankhouse Hotel, Irish Street, Dungannon, Co Tyrone

For Sale By Private Treaty

On the Instruction of Brian Murphy & Michael Jennings, joint fixed charge receivers, BDO

• Exceptional Hotel Opportunity in the heart of Dungannon Town Centre. • High Profile location fronting William Street/Irish Street. • Renovated and extended to a high level specification around 2007 with 17 ensuite bedrooms on upper floors. Passenger lift. • Well presented throughout.

Savills Belfast 1st Floor, Lesley Studios, 32/36 May Street Belfast BT1 4NZ, Northern Ireland

+44 (0) 28 9026 7820

Stuart Danker (+44 (0) 28 9026 7820) [email protected] Neal Morrison (+ 44 (0) 28 9026 7824) [email protected]

Location

Business Opportunity

Dungannon is located south west of Belfast approximately 48 miles via the M1 and A26, 97 miles North West of Dublin and South of Newry, and Derry via the A28.

The Hotel is currently closed, however this was an established hotel providing an opportunity to re-establish the business particularly with the backdrop of such excellent internal finishes and quality accommodation.

The Bank House Hotel is on a prominent corner site in the centre of Dungannon town, accessed via Scotch Street/ Irish Street. Dungannon is the third largest town in the county with a population of around 11,000 recorded in the 2001 census. Description

The Hotel has been well fitted out and incorporates a reception lobby area, restaurant, kitchen, bars with the possibility of utilising accommodation as function/ meeting rooms on ground floor. The 17 ensuite bedrooms are located over 1st and 2nd floors with a bar and roof terrace garden. There are two fitted out basement areas providing staff services, kitchen facilities, stores, cold rooms, all accessed by passenger lift. This B2 Listed building was formerly banking premises and latterly the property was a family owned boutique style hotel with bars and function rooms and bedrooms. Considerable capital expenditure has been lavished on the property to provide an excellent well presented leisure environment. The total floor area is c. 22,466 sq. ft (2088 sq. m) and interested parties should ensure that these areas are correct. Indicative layout plans and elevations are available for inspection.

NAV

Net Annual Value

£34,000

Rate in Pound for Dungannon Rates Payable

£0.529 £18,008

Price

Offers invited over £500,000 Title

The title can be inspected by prior appointment Ross Davidson Arthur Cox Solicitors Capital House 3 Upper Queen Street Belfast BT1 6PU VAT

All outgoings, prices and rental quoted are exclusive of VAT EPC

Awaiting EPC (Energy Performance Certificate) assessment rating information.

Sales Agents Savills Belfast 1st Floor Lesley Studios, 32/36 May Street Belfast, BT1 4NZ +44 (0) 28 9026 7820 [email protected] Stuart Danker +44 (0) 28 9026 7820 [email protected] Richard Watters +44 (0) 28 9026 7820 [email protected]

Savills (NI) Limited for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of Savills (NI) Limited or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Savills (NI) Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Savills (NI) Limited has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Savills (NI) Limited will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.