Three Irish Pubs Hit The Market; One Irish Pub Sold; Permission Sought To Demolish Dún Laoghaire Pub
Three Irish pubs have hit the market.
The Foxhound Inn
The Foxhound Inn of Greendale Road, Kilbarrack, Dublin 5, D05 TW94, is being sold via Lisney Estate Agents with a guide price of €750,000.
The property's listing on lisney.ie states, "The Foxhound Inn which achieved national fame for its role in the 1996 film The Van is a long-established licensed premises synonymous with the Kilbarrack district. The property comprises a large purpose-built licensed premises that benefit from an ideal layout for operational control.
"The building comprises a two-story corner licensed premises of concrete block construction with brick leaf facade to external elevations. The property is laid out with lounge bar accommodation together with toilet facilities to ground floor level and function accommodation to first-floor level complemented by kitchen and staff toilets. The property offers a large cellar and stores to the basement floor level.
"The property benefits from the Greendale Shopping Centre's car park.
"The Foxhound Inn represents an excellent opportunity to develop a regular high-volume local food and beverage business from the large lounge bar that can be significantly augmented by a function trade derived from the densely populated surroundings.
- "Lounge Bar
- "Function Room
- "Former Kitchen
- "Cold Room
"The Foxhound Inn licensed premises is strategically positioned in the Greendale Shopping Centre in
the heart of Kilbarrack which is an established and densely populated north Dublin suburb.
"Greendale S.C is a popular neighbourhood centre with occupiers including a Paddy Power
bookmakers, Centra convenience store and café, a take away, pharmacy and a charity store together with large car park. The property is within close proximity of the important amenities of St. Annes Park and Dollymount Strand along with the Baldoyle Industrial Estate.
"The immediate area enjoys excellent public transport facilities with Howth Junction DART station just 800m from the property."
The Auld Shebeen pub of Main Street, Moate, County Westmeath , N37 H7A4, is being sold via REA Hynes for €350,000.
The property's listing on realestatealliance.ie states, "At a glance...
- "Selling with all contents
- "Full 7 day licence
- "Substantial floor area and site area
- "Located in the heart of Moate town.
- "Offering enormous potential having frontage on to Main Street, Moate
- "Selling turn key with majority of contents included.
- "Mains Water
- "Mains Drainage
- "Moate is a strong thriving Town benefiting from a evolving tourism offering with Dun Na Si Amenity and Heritage park along with the ever popular Old Rail Trail .
- "Situated just off the M6 and facing onto the R442 regional road.
- "Moate is situated approx.
- "1 hour from Dublin, 1 Hour from Galway and a 15 minute drive to Athlone town.
"TO BE SOLD BY ONLINE AUCTION UNLESS PREVIOUSLY SOLD
"REA Hynes are delighted to bring to market the old world style Auld Shebeen bar and Night club Moate. With substantial floor area the subject property comprises of Bar area with two tier lounge area, two entrance doors and bay windows on either side covering over 1,750 square feet. Notable features include high timber ceilings and air conditioning system. Separate entrance to night club . Situated at the rear of the premises, the night club comprises of 4,400 square feet with a number of bars, dance floor, balcony bar area and external smoking area. There is also a commercial kitchen included in the sale with a large garden to the rear of the premises, storage sheds and residential accommodation over two floors which are in need of some renovation. Viewing is highly recommend through the sales agent REA Hynes.
"Covered large Smoking area situated directly off Night Club. The property has a secure enclosed rear yard containing a boiler and services building. Large site area to rear of the property with side access to same.
"Driving into Moate from Athlone Town the subject property is located on the right hand side directly in the centre of the town. Pivitol position."
Co. Kilkenny Pub Property
A pub property in Clogh, Castlecomer, Co. Kilkenny, is being sold via Joseph Coogan Auctioneer & Valuer for €200,000.
The property's listing on cooganauctioneers.com states, "New To Market
"7 Day Residential Licence Premises
"Clogh Castlecomer Co Kilkenny.
"Guide Rice €200,000
"Sale of very well-maintained license premises 1,189 sq. ft. consisting of spacious bar/lounge, ladies and gents toilets, store. Enclosed back yard and garden with old two storey building, which could be converted to apartment (subject to planning) with vehicle access to public street. Ber Rating D2.
"Residential area 1,042 sq. ft. consisting of entrance hall, fitted kitchen/dining area, living room, 2 bedrooms, bathroom. Access to back garden area.
"Situated in the center of Clogh village. Approximately 5 miles Castlecomer, 12 miles Carlow, 14 miles Portlaoise, 17 miles Kilkenny city."
Meanwhile, as reported by The Irish Times, public real estate investment trust Hibernia REIT has acquired Scruffy Murphy's pub off of Dublin's Mount Street Lower in a deal that is understood to be worth approximately €2 million.
In its latest trading update, Hibernia REIT reportedly said in its latest trading update that it has invested €2.7 million, excluding costs, in bolt-on acquisitions of properties since March 31st, 2021, but reportedly did not specify the pub transaction.
It is reportedly not clear what plans Hibernia Reit may have for Scruffy Murphy's, which has been closed for some years, but it reportedly may target constructing a residential build to rent scheme on the pub’s site.
Before the pub was acquired by Hibernia Reit, its previous owner, Tim O'Connor, reportedly had plans to knock it down and replace it with a 36-bed aparthotel above a ground-floor restaurant, bar or cafe. However, those plans were reportedly later blocked by An Bord Pleanála for a number of reasons, including the negative effect it would have on local residents.
O'Connor and his wife, Wendy O'Connor, recently acquired Slattery's pub of the Dublin suburb of Rathmines.
The market for pubs reportedly appears to remain strong, at least in sought-after locations.
London-based Attestor Capital and entrepreneurs Ray Byrne and Eoin Doyle reportedly acquired the Dublin’s oldest pub, The Brazen Head, for €15 million, for example, and earlier this month, pub group JD Wetherspoon put its Blackrock pub, The Three Tun Tavern, on the market for €2.5 million.
Additionally, as reported by The Sunday Independent, hospitality company Loyola Group will submit a planning application under the fast track process to An Bord Pleanála for the demolition of Bakers Corner pub in the Dublin suburb of Dún Laoghaire and the construction of a new pub, two commercial units and 276 bed spaces in two five- to six-storey blocks on its site.
Dún Laoghaire Institute of Technology, which is located 250 metres from the site, has reportedly submitted a letter of support.
Dún Laoghaire Institute of Technology reportedly said that there is demand for 1,000 to 1,200 rooms from its student population.
© 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.