Walters, Main Street, Bagenalstown
Walter's in Bagenalstown has closed down, Carlow Live has learned.
The property received zero bids again during BidX1's latest commercial online auction on May 23.
Cllr Andy Gladney said: "It's totally closed for the time being, unfortunately."
Speaking about the owner, Cllr Gladney: "He has taken everything out of it, he's a decent guy. He employed fifteen people there full-time and part-time. He tried his best, he brought in good acts like Sharon Shannon.
"It is a beautfiul place and there was a lot of work done there but the rates are crippling. There's no incentive even for small businesses."
Cllr Gladney added: "It is a blow for the town. If we had a hotel based in Bagenalstown it would be a massive help. But Bagenalstown has a lot going for it."
The premises extends to 7,407 sq. ft and had a guide price of €425,000 during a recent online auction - which was reduced from €575,000.
The "substantial public house" also has a dining area, kitchen, function room, lounge and cocktail bar.
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.