One of the best known hostels in the south of Ireland, the Railway Hostel in Killarney, has been sold for €760,000 – comfortably ahead of its €650,000 guide price, according to the Irish Times.
HT Meagher O'Reilly and Sherry FitzGerald Coghlan handled the sale for receiver Kieran Wallace of KPMG. The hostel is located close to the bus and rail stations and can accommodate up to 101 guests in 28 bedrooms.
The building extends to 650sq m (6,996sq ft) and underwent extensive refurbishment internally and externally six years ago.
The Railway Hostel Killarney is registered and approved by Fáilte Ireland to accommodate 101 guests in 28 bedroom, 17 of which have ensuite bathroom facilities. The property extends to an approx GIA of 650 sq.m / 6,996 sq.ft and benefits from 8 car parking spaces.
The ground floor accommodation comprises a reception area which opens into a lounge area with adjoining luggage room and laundry room. Beyond the lounge is a dinning room with seating for approx. 36 people and an adjoining kitchen. The remainder of the ground floor comprises 10 dorm style bedrooms. The first floor accommodation comprises 18 bedrooms. All bedrooms are well maintained providing quality accommodation.
