The Derragarra Inn is in the process of being sold and is set to be reopened, The Anglo-Celt understands.
The buyer of the landmark inn is as yet unknown and the sale is expected to go through in the next three weeks.
Industry sources confirmed to the Celt that the premises is in the process of going through legal sign-offs and will require some work to reopen.
The inn closed its doors in August after going into receivership in December of last year.
Ten staff lost their jobs with the closure and it is hoped the reopening will give the area a much-needed boost; although it is not yet known if the former staff will be re-hired.
When the receiver, Grant Thornton Sparks, took over the company, Derragarra Inn Ltd, they said they were “trying to complete a sale as soon as possible”, of which they were “very confident”.
The business became famous under Ballyconnell businessman John Clancy, who took it over in 1969 and hosted numerous big stars including the late great Ronnie Drew.
The mystery buyer is not yet known but several local business names have denied the purchase, leading to speculation of outside interest.
A local property insider valued the premises at “around” €150,000 but stressed that the valuation was based on the premises being fully licensed, otherwise it would not exceed €100,000.
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