Waterford pub sold for €300,000
Published 27/04/2011 | 09:55
A WATERFORD pub and restaurant, which had attracted a €900,000 offer three years ago, was sold last week for in excess of €300,000.
The Sweep Bar & Restaurant, Kilmeaden, has been bought by Seamus, Michael and Sinead Dunphy, who are well known in both the village and in Waterford City as they own The Kasbah in the city and Donnacha's Bar in the village.
John Rohan of Sherry FitzGerald, who handled the sale, says that the pub is well positioned to benefit from a passing restaurant trade on the road between Cork and Waterford as it comprises lounge, snug and restaurant/function room in traditional style.
Its 0.3 acre site accommodates a large beer garden, an easily accessed side entrance for deliveries and generous car parking.
As it has not traded for three years, the Dunphy family plans to revamp The Sweep in order to attract back former customers as well as new ones.