Four Irish Restaurant Properties Hit The Market

Published on Sep 1 2021 9:17 AM in Restaurant tagged: Trending Posts / Country Kitchen Restaurant


Four Irish restaurant properties have hit the market.

Belgard Square Restaurant Property

A restaurant property at 11&18 Belgard Square West, Tallaght, Dublin 24, is being sold via estate agency Capel Abbey Limited.

The property's listing on property.ie states, "Location: Located fronting onto Cookstown Way and Belgard Square West, less than a one minute walk to the LUAS stop and provides direct access to the city centre. Located in the largest town in south Dublin with a population of 76,119 as of the 2016 census with the population predicted to grow to 84,000 by 2025. Close to the M50. Exit 11 of the M50 is situated 4km to the east. Adjacent to The Square Tallaght Shopping Centre and the UCI Cinema complex with an annual footfall of circa 15 million customers. Easy access by public transport. Dublin Bus routes (27, 49, 56A, 65, 75, 76, 76A, etc.).

"Description: Originally developed by Shelbourne Developments circa 2005, Belgard Square West consists of 370 residential units and in excess of 100,000 sq. ft. of mixed retail, leisure, and restaurant space. The unit provides ground floor retail accommodation with a high ceiling and with access via Belgard Square West and Cookstown Way. Ample pay and display car parking spaces at the basement level, accessed from the northern point of the development opposite the HSE Primary Care Centre as well as the surface parking area of The Square Shopping Centre.

"Letting: Available immediately. The minimum term is 12 months.

"Surrounding Development: A €100m Square shopping centre expansion scheme is planned to start construction in 2021 (Check more info at https://www.echo.ie/news/article/the-square-100m-development-to-begin-in-2021).

"A €64m Belgard Gardens to go ahead with additional 438 homes and 403 student bed spaces within minutes walking from The Square Shopping Centre (check more info at https://www.irishtimes.com/business/commercial-property/fast-track-planning-sought-for-1-500-apartments-in-tallaght-1.3751214).

"Face of Tallaght town centre to transform over the next 6 years with new local area plan (check more info at https://www.dublinlive.ie/news/dublin-news/face-tallaght-town-centre-transform-16911554).

"South Dublin County Council 2022 - 2028 local area development plan entails delivery of up to 5,000 additional new homes, redevelopment of Tallaght Stadium, new infrastructure for cycling and pedestrians, new schools, transport upgrades, etc. This is to be further enhanced over the next two decades with an additional population growth of 38,000 people and 12,800 jobs.

"E-mail office@capelabbey.com for further information or viewing appointments."

Country Kitchen Restaurant

Country Kitchen Restaurant of Haddens Centre, Tullow Street, Carlow town, Co. Carlow, is being sold via REA Sothern.

The property's listing on realestatealliance.ie states, "After 35 years of successful trading, Joan & Jim Noud have now decided to retire from the Country Kitchen and as a result, we now have this thriving business for sale, to include an extensive list of equipment and the good will built up by Joan & Jim from a loyal customer base.

"Located to the rear of Haddens Department Store, Country Kitchen is in the unique and pivotal position and whilst connected to Haddens Department Store, has its own independent stairs access from the Haddens Car Park.

"The annual rent is reasonable. The restaurant has an alarm system, security cameras and is ready to take over immediately.

"This is a wonderful opportunity to acquire an established business with proven turnover.  The balcony overlooking Haddens carpark offers further seating for outdoor dining.

"For full details, please contact Harry Sothern at 059 9131218 or 087 2566764 or e-mail info@reasothern."

Kilkenny Restaurant Property

A restaurant property at Unit 5, Ground Floor, The Arches, Gas House Lane, Kilkenny, Co. Kilkenny, is being sold by digital property marketplace BidX1 with a guide price of €300,000.

The property's listing on bidx1.com states, "Property summary: a prime town centre investment opportunity; comprising a substantial ground floor restaurant unit; total floor area extending to approximately 240 sq. m. (2,583 sq. ft.); let to an individual t/a Campagne Food Company Limited; lease expiry 2033; current passing rent €42,000 per annum*; net initial yield 12.73%.

"Location: Kilkenny has a population of 99,232 (as of the 2016 census); Kilkenny is situated approximately 120km south west of Dublin, 52km north of Waterford City and 36km south west of Carlow town; transport links include the R693, N10, N76 and M9 motorway linking Kilkenny with Dublin and Waterford; the property is situated on Gas House Lane; surrounding occupiers include Mocha's Vintage Tea Rooms, TK Maxx and Eddie Rocket's.

"Description: the property is arranged to provide a substantial ground floor restaurant unit. The property is set within a wider mixed use development and benefits from a high specification throughout.

"Total floor area extending to approximately 240 sq. m. (2,583 sq. ft).

"All intending purchasers are advised to satisfy themselves as to the accuracy of the measurements provided.

"Tenancy: The entire property is at present let to an individual t/a Campagne Food Company Limited for a term of 24 years and 7 months from 20.06.2008 at a current rent of €42,000 per annum. The lease provides for rent reviews every fifth year.

"*We are advised by the vendor that due to COVID-19 the full rental income is not being received.

"VAT: please refer to legal documents."

North Strand Road Restaurant Property

A restaurant property at 42 North Strand Road, North Strand, Dublin 3, is being sold via commercial real estate advisory firm QRE for €250,000.

The property's listing on qre.ie states, "Property highlights: opportunity to acquire retail/restaurant with F.P.P; extending to approximately 71.83 sq. m. (773 sq. f.t); arranged over ground and basement; prominent location along North Strand Road; high level of footfall.

"Property location: The property is situated in North Strand on the north west side of the R105, also known as North Strand Road. North Strand is approx. 2.2km north east of Dublin City Centre and is predominately residential area within Dublin's north inner city. North Strand is border by Fairview to the north east, East Wall to the south east, Dublin City Centre to the south west and Drumcondra to the north west.

"There are excellent transport links servicing the subject site, with Dublin Bus providing a number of services along North Strand Road. These routes include: 14, 15, 27,29, 31 and 130. Rail and LUAS (Red Line) are available at Connolly train station which is approx. 750 meters south of the subject site. Local amenities include: Croke Park, Fairview Park, 3Arena, O'Connell Street, plus many more.

"Property description: The property is arranged over ground and basement only of a three-storey mixed use development. The ground and basement extend to approximately 71.83 sq. m. (773 sq. ft.). The ground floor is laid out to provide an extensively glazed unit with roller shutter to the front with independent access from North Strand Rd.

"The basement can provide a preparation room, staff facilities and w/c pending layout. The ground floor also has the benefit of a rear yard and side access. Internally the ground floor and basement are in shell and core condition ready for fit-out.

"The property is located in a predominately residential area, with the benefit of strong passing footfall, street frontage and is located 1.1km from Croke Park for match days.

"Planning permission granted from DCC Co. Co. September 2019 under ref 2532/19 to retail and restaurant use at ground and basement floor levels.

"Property size/area: 71.83 sq. m. (773 sq. ft.).

"Property Status: For sale.

"VAT: Refer to agent.

"Energy performance indicator: 411.97 kWh/m²/yr 1.98kWh/m²/yr."

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

Advertisement