Dublin's Salamanca Restaurant Purchased For Over €2.8M
Popular Dublin tapas bar and restaurant Salamanca has been bought by a private investor for just over its €2.8 million guide price.
As reported by The Irish Times, the sale was handled by estate agent Bagnall Doyle McMahon, with the as-yet unidentified purchaser being advised by Nigel Kingston of Lambert Smith Hampton. The venue is part of a four-story over-basement building on Andrew Street which is held on a 25-year lease from 2014 that's subject to rental reviews every five years.
The first of these reviews is scheduled for March 2019 and will be linked to the Consumer Price Index, while all subsequent reviews will be determined by the open-market rent values. The current rent is €155,000.
Meanwhile, according The Irish Times, a well-known restaurant on the Meath/Cavan border has hit the market for €695,000. The Forge Restaurant has space for 100 diners and comes with a professional kitchen, outdoor seating area and a nicely landscaped garden.