Local auctioneer Frank Regan is reporting good interest in the Kon-Tiki Bar and Residence which is attracting enquiries from the investor market, emigrants returning from the UK and local entrepreneurs.
Frank also reports that he has had enquiries from retirement couples who are interested in the property from a residential only point of view by selling the 7 day licence off on the open market.
“With a guide price of €110,000, this makes a lot of sense, as the open market value of the 7 day licence is in the region of €55,000-€60,000. All going to plan, I hope to conclude the sale shortly,” concluded Frank.
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