The former Ritz Cinema in Killybegs has been sold, just two months after going on the market.
Situated on the Main Street, the picture house was first opened on March 17, 1947 (St. Patrick’s Day) by Barry & Shortt and had 300 seats.
It was still operating as a cinema up until 1971.
However, it has since been converted into budget accommodation, also called The Ritz.
It is now a 12 bedroom guesthouse with two commercial units and two townhouses with ‘a fantastic reputation and favourable annual turnover’, according to the selling agents, Edel Quinn Properties.
The Ritz is a combination of a modern, state-of-the-art 12 bedroom en suite building over three floors.
It was placed on the market with an asking price of just under €1 million.
It consists of accommodation on the first and second floor along with a generous sitting room, office area, large commercial kitchen and dining room which seats 30 people.
The ground floor houses two commercial units which are fully leased.
The residential element is a six bedroom house over first and second floor level, currently used as a residential dwelling.
The other semi-detached first and second floor unit is divided into five bedrooms, three shower rooms and a general sitting/living area which is leased on a room-by-room basis.