Prominent Dungannon premises, 68 Irish Street, has entered the property market on a to let basis.
The property, which started life as a private residence in 1897, was later reimagined as a business premises firstly housing a wine and spirit merchants before becoming the home of three separate banks.
Most recently, the building which boasts considerable floor space, was the site of the renowned Bank House Hotel.
Sadly, the building has laid dormant for quite some time since the boutique hotel closed its doors in 2012.
Whilst the premises received substantial renovation work prior to the Hotel’s opening in 2007, it has retained many of it’s charming original features amalgamated with evidence of its transition from home to hotel and everything in between.
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As a hotel, it comprised of 17 ensuite bedrooms, bar and lounge, function rooms, kitchen and on-site laundry quarters, as well as a roof terrace and smoking area.
The well-placed corner site had been on the market in 2019 with an asking price of £615,000, the current owners have made the decision to lease the property and it is now understood that the lease would be in the region of £25,000 per year, plus rates.
Suitable for a variety of uses including a restaurant with function space, beauty salon, or office use, the building boasts a prime location just a short walk from Dungannon Town Square.
Best Property Services who are acting as the agent said “this is an exceptional opportunity to rent a quality premises”
In a 2022 report, Samantha Ward, the PwC UK hotels leader said: “After what has been a turbulent few years for the hotel industry, we are now finding a clearer picture of the new normal in the midst of economic uncertainty.
“Hotels need to get back to basics with a clear cut strategy that will allow them to emerge stronger and more resilient for the future. The latest disruption adds a new dimension to running costs but with the right management strategy, hotels can still perform at a consistent rate with many consumers still willing to experience all the sector has to offer.”
