The Ritz, Main Street, Killybegs, F94 EA0W

Edel Quinn Properties are delighted to bring to market a rare opportunity to acquire a substantial commercial holding in a prime location on Killybegs' Main Street. The Ritz Guest Accommodation comprises of a 12 bedroom modern guest house laid out over two floors (first and second floor) with two commercial units at ground level. There are two further townhouses to the front of the main building at first and second floor level. The property has had a fantastic reputation and favourable annual turnover when it was in operation.

The Ritz is a combination of a modern, 12 bedroom en suite building over 3 floors with the accommodation on the first and second floor along with a generous sitting room, office area, large commercial kitchen and dining room which sits 30 people. The ground floor houses 2 commercial units which are fully leased.

There is a residential element too which is a 6 bedroom house over first and second floor level and another first and second floor residential unit which is divided into 5 bedrooms, 3 shower rooms and a general sitting/living area.

The property boasts a car park to the rear of the Ritz and car parking space for the commercial units too. There is a fantastic laundry facility in the Ritz and storage rooms throughout the building.

The Killybegs Regeneration Plan has been in the works for a number of years now and an action plan based on research and observations over recent memory has been brought forward to organically sustain the town until 2040. The research noted positives such as "Killybegs hosts many of the fundamental ingredients of a destination place itself, coastline, heritage, cuisine and water based activities". The research also noted negatives however, and its number 1 Principle of Regeneration is to "Revitalise the town centre" as it was noted that currently, there is a lack of retail/offerings/experiences.

The blueprint and funding is in place for the town to become incredibly economically prosperous with jobs and tourism to the fore, so a centrally placed, commercial accommodation could welcome massive potential as the regeneration plan is rolled out. Details of the Regeneration Plan can be found on Donegal County Councils website. Killybegs is the place to be!