Liffey Valley venue on the market guiding €3.25m
Published 20/08/2015 | 02:30
CBRE have been retained as agents for the Arc Café Bar in West Dublin with an asking price of €3.25m.
The Liffey Valley bar is described as a “a modern and extensive licensed premises which occupies a pivotal trading location immediately adjacent to the Liffey Valley Shopping Centre”.
The property is located off the main M4 Dublin to Galway Road and is close to its intersection with the M50 about 12 km from central Dublin.
The property is located close to a host of densely populated residential suburbs including Lucan, Clondalkin, Ballyfermot and Palmerstown which have a combined residential population in excess of 117,126.
The property is said to be a purpose built, modern licensed premises and entertainment complex which extends to 1,540 sq m over four floors.
The accommodation comprises a ground floor lounge bar with an extensive carvery and catering kitchen. In addition there is a comfortable public bar with feature terrazzo flooring and a separate off-licence retail area.
A circular glazed mezzanine area leads to the stylish first floor late bar area which has an impressive outside smoking terrace. In the basement there are customer toilets and ample keg and bottle storage areas while outside there is extensive car parking (120 cars) and additional smoking areas.
In addition, at first floor level there is a separate restaurant area, currently let to Lemongrass Restaurant, on a long lease and providing valuable rental income.
The adjoining Liffey Valley Shopping Centre is one of Ireland’s largest shopping and busiest shopping centres with a vast variety of retailers including Marks & Spencer, B&Q and H&M to name but a few. In addition, there is a multiplex cinema complex and several other restaurants.
According to John Ryan of CBRE the sale of Arc Cafe Bar offers the discerning purchaser a unique opportunity to acquire highly successful, suburban licensed premises or late bar venue which enjoys a very substantial level of annual turnover (food, drink and off-sales) in excess of €3m supplemented by rental income of over €100,000 from the restaurant. The property is presented in excellent decorative order throughout.
In addition, the property, which occupies a site of 0.9 ha (2.2 acres), offers alternative use potential as its modern layout and design coupled with its extensive car parking facilities would suit a variety of other uses such as an iconic office headquarters, car showroom or retail outlet, Mr Ryan said.