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5 bedroom house for sale
Holyhead Road, Bangor
£550,000
Holyhead Road, Bangor
£550,000
Our Summary
- With a solid reputation among the student community, this property offers excellent scope for continued success in the hospitality trade
- Licensed for up to 100 patrons, the bar operates generous hours throughout the week:Sunday to Tuesday: 8:00am – 2:00amWednesday & Thursday: 8:00am – 2:30amFriday & Saturday: 8:00am – 3:00amSpanning four floors, the property includes a wealth of flexible accommodation with considerable development potential, including enhanced short-let possibilities
- The second floor offers four more double bedrooms and a family bathroom, further enhancing its scope for letting or staff housing
- After more than two decades at the helm, the current owner is now ready to retire and pass the reins to a new operator with fresh vision to unlock this property's full potential
Description
This Irish-themed public house, Patrick's Bar, is a rare opportunity to acquire a well-established business in a prime location in Upper Bangor, near Bangor University. The property has been owned and operated by the same proprietor since 1998 and has undergone extensive modernization to ensure compliance and appeal to its student clientele. The bar is licensed for up to 100 patrons and operates generous hours, with a strong turnover and additional revenue generated from short-term rentals through Airbnb. The property spans four floors, including a spacious cellar, tap room, and residential and managerial accommodation, offering considerable development potential, including enhanced short-let possibilities. After over two decades of operation, the current owner is now ready to retire, providing a unique chance for a new operator to take the reins and unlock the property's full potential.