Crock of Gold at right price

A Killarney bar and guesthouse that made millions back in the boom (and which always had a good turnover) when sold and re-sold is now on offer for the price of a dormer home.

The Crock of Gold in a prime pitch on High Street in the tourist town, and with 10 en suite bedrooms, is for sale via a receiver, with a seemingly low €475,000 price guide.

The three-story building, significantly extended behind, has a bar, lounge, restaurant and ten bedrooms, eight of them doubles, as well as rear parking with separate access.

It last sold back in the early 2000s, for the equivalent of €1.7m, bought by a consortium, and changed name to Brother Macuddas, and later sold again for around €2.2m to its current owners.

It ceased trading just last month, but had good trading figures with a strong food trade.

Now, the joint agents are Sherry FitzGerald Coghlan in Killarney, and Sherry FitzGerald Stephenson Crean in Tralee. Receiver is Ned Murphy of Moore Stephens Nathans.

Agent Michael Coghlan says it is in a ‘Golden Triangle’ of well-performing bars and bookmakers, near the new Penneys and close to Gabys, Foleys, the Speakeasy, Corkerys and Husseys. Also adjacent is a Paddy Powers and a Ladbrokes.

Details: Sherry FitzGerald Coghlan, 064-6631892; Sherry FitzGerald Stephenson Crean, 066-7180822.