One Irish Pub Sold; Three Irish Pub Properties Hit The Market
One Irish pub has been sold and three Irish pub properties have hit the market.
Dublin pub Larry Murphy's has been sold to the Press Up Hospitality Group in a deal that is understood to be worth over €1.7 million.
As reported by The Irish Times, the final sale price was not disclosed, with agent commercial real estate services firm CBRE saying that the property had been sold for a price "in excess" of its €1 million guide piece.
John Hughes of CBRE reportedly said, "The sale of Larry Murphy's offered a very unique opportunity to acquire a licensed premises centrally located within the prime city business area. The sale generated over 90 viewings including investors, developers and pub operators."
Located on at numbers 43-44 on Dublin's Lower Baggot Street, the property is a four-storey over basement licensed premises with accommodation extending to approximately 465 square metres, or 5,005 square feet, and comprises a lounge bar at ground floor and basement levels, cellar storage, and office accommodation on the upper three floors.
The top floor office is reportedly currently let under a long lease and the tenant is reportedly not affected by the sale.
The Shiven Inn
The Shiven Inn of Newbridge village, Co. Galway, is being sold via Connaughton Auctioneers.
The property's listing on connaughtonauctioneers.ie states, "Description
"Prime commercial/residential premises in excellent condition throughout comprising Public House (bar, kitchen, toilets and smoking area to rear), convenience shop with Postpoint adjoining, petrol/diesel pumps to front and hairdressers and residential accommodation on first floor. Located in the picturesque village of Newbridge on the main Galway to Roscommon/ Longford N63 road, this property benefits from vibrant local trade and passing traffic. With large carpark to rear and ample parking to front, this property is located close to the church and viewing comes highly recommended. Holding huge potential for interested parties as owner/occupier or as an investment and purchased to lease, the various income streams offers the occupant the opportunity to expand on current trading,.
"The auctioneer invites enquiries and offers for immediate sale.
"Call the office on 090-6663700 to arrange a viewing.
"Viewings at evenings, weekends and Bank Holidays also accommodated
"Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only."
Mullinahone Pub Property
A pub property on Carrick Street in Mullinahone, Co. Tipperary, is being sold via Barry & Lynch Auctioneers and Land Consultants for €150,000.
The property's listing on property.ie states, "Property Description
"Carrick Street, Mullinahone, Co. Tipperary
"Potential Development Opportunity
"Potential Development Opportunity in the centre of the thriving village of Mullinahone.
"Building occupies a dominant site in the village with large street side resence.
"Formally an award winning public house.
"Ideally located within walking distance to all local amenities.
"Excellent investment opportunity.
"Located centrally to the towns of Clonmel, Kilkenny and Carrick-on-Suir."
Eagle House of 18-20 Glasthule Road, Sandycove, Co. Dublin, is being sold via Bagnall Doyle MacMahon Commercial Property Specialists for €2.8 million.
The property's listing on daft.ie states, "Property Overview
- "Available From: Immediately
- "Sale Type: For Sale by Private Treaty
- "Overall Floor Area: 6824 sq. ft.
"The Eagle House is a substantial licensed premises occupying a high-profile trading location in the heart of Glasthule Village. Glasthule is a beautiful and densely populated coastal village situated between Dun Laoghaire and Dalkey approximately 13 kms from the centre of Dublin. The village contains an eclectic mix of restaurants, boutiques, coffee, wine and other shops including the well known Caviston's foodstore and Mitchell's wine shop. The surrounding area has many popular amenities most notably Sandycove promenade, the Forty Foot swimming area, Dun Laoghaire Pier and the People's Park with its weekly artisan food market.
"The Eagle House is a two storey building comprising a ground floor lounge bar (c.382 sq m) with a rear outside area. The first floor (c.252 sq m) comprises a 90-seater restaurant and is let and occupied by Rasam Restaurant on a long-term lease. Please note the restaurant is not affected by the sale.
"In addition, to the rear of the property accessed from Adelaide Road, there is car parking for c. 24 cars."
© 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.