Thursday 23 May 2019

Millrace Hotel sold for just under €2m

Prudent Healthcare Ltd bought the Millrace Hotel in Bunclody
Prudent Healthcare Ltd bought the Millrace Hotel in Bunclody
Ronald Quinlan

Ronald Quinlan

The Millrace Hotel in Bunclody, Co Wexford, is to be converted for use as a nursing home following its sale for a figure understood to be just under €2m to Prudent Healthcare Ltd.

The hotel, which had been under the management of the McGettigan Group, came on the market in July of last year with a guide price of €2m through agent CBRE. While many of the residents of Bunclody had hoped to see the property continue operating as a hotel, John Hughes of CBRE's hotel division told the Irish Independent the property had attracted a number of alternative users, including the purchaser.

Commenting on his company's plans for the Millrace, John Dargan of Prudent Healthcare said: "The proposed nursing home will provide significant employment in the area during the refurbishment phase and on completion the property will be a state-of-the-art luxurious nursing home facility offering between 50 and 60 beds."

Purpose built as a hotel in 2004, the Millrace Hotel is a four-storey building with 60 bedrooms across its upper three floors.

The property's ground floor consists of a reception, bar and bistro and a conference/function room, and facilities including catering kitchens. There are two passenger lifts and a service lift.

The property also includes a leisure club with 18m pool, gym, sauna, steam room and Jacuzzi. There is parking for 50 cars with overflow to the rear for another 80 cars. The hotel occupies a site of 1.5 hectares (3.7 acres).

Bunclody is 20km from Enniscorthy, 42km from Wexford Town, 60km from Kilkenny, 30km from Carlow, and 115km from Dublin city.

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