Monday 21 August 2017

Ballincollig pub for €700k

Darby Arms in Ballincollig.
Darby Arms in Ballincollig.
Peter Flanagan

Peter Flanagan

Savills and Morrisseys are seeking €700,000 for the Darby Arms in Ballincollig in Co Cork.

The property is being sold on the instructions of joint receivers Declan Taite and Brendan Hanratty of Duff and Phelps.

As well as the pub itself, the sale also includes two adjoining retail units.

The licensed area extends to over 11,600 sq ft from the basement to the second floor. The ground floor contains a restaurant along with a bar and lounge. The first and second floors contain a 4,500 sq ft nightclub, 2,700 sq ft restaurant with 50 covers along with a kitchen and ancillary offices.

The business closed at the beginning of the year and the agents say the vendor has since invested in substantial repairs and refurbishment works which will help any intending purchaser to reopen the business with minimal investment. Both the liquor and dance licence remain.

Savills Denis O'Donoghue and Morrisseys' Tony Morrissey said "the Darby Arms presents an excellent opportunity to acquire a high profile premises in a vibrant and densely populated area".

"The added attraction of a €56,320 annual rent roll will also give comfort to any business in the start-up phase by providing regular," they added.

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