Sixteen Dublin Pubs Sold In First Nine Months Of 2017
Commercial property consultants CBRE Ireland have releasedÂ statistics on the volume and value of pub sales in the Dublin market during the first nine months of 2017,Â showing that a total of 16 pub properties, totalling more than â‚¬17.8 million between them, sold in theÂ Irish capital in the first three quarters of the year.
Some notable Dublin pub properties that sold in the first nine months include Bolandâ€™s of Stillorgan,Â JJâ€™s Smythâ€™s on Aungier Street, Arc CafĂ© Bar in Liffey Valley, Sandyford House in Sandyford,Â MacTurcaillâ€™s of Townsend Street and Nashâ€™s in Dublin 8.
According to John Ryan from the hotel & licensed department at CBRE Ireland: "The number ofÂ Dublin pub properties changing hands in the first nine months of 2017 is down compared to theÂ volume traded in the last three year period. To some extent, an improvement in trading conditions inÂ Dublin is reducing the number of licensed properties that are being offered to the market for sale. InÂ addition to the more than â‚¬17.8 million traded so far this year, four Dublin pubs are currently saleÂ agreed and expected to close shortly. The average sale price achieved in the first nine months of theÂ year was â‚¬1.18 millionâ€ť.