Saturday 21 October 2017

Stillorgan pub for €1.4m and D6 guesthouse at €1.5m

Bolands pub occupies a central location in Stillorgan
Bolands pub occupies a central location in Stillorgan
Abrae Court Guesthouse in Rathgar
Ronald Quinlan

Ronald Quinlan

CBRE's Hotel and Licensed division have brought a selection of properties to the market this week in Dublin and Waterford.

John Ryan is seeking offers in excess of €1.4m for the landmark south Dublin pub, Bolands of Stillorgan. Occupying a pivotal position at the brow of the Old Dublin Road and Hill and Lower Kilmacud Road, the property is situated directly opposite Ireland's first and longest-trading shopping centre, Stillorgan Shopping Centre, and across from the Leisureplex entertainment complex, which is earmarked for major redevelopment. The former Blake's Restaurant site and Esmonde Motors sites (also set for significant redevelopment) are also immediately adjacent. Ryan believes these and other developments in Stillorgan will offer the pub's new owners an excellent opportunity to exploit its trading potential.

A two-storey licensed premises, Bolands comprises a ground-floor lounge bar and outside smoking area together with keg and bottle storage areas. There is a further lounge bar and catering kitchen on the first floor, and a large rear yard offering further expansion possibilities.

Stillorgan is an affluent and well-established suburb of Dublin approximately 10km from the city centre and along with the adjoining suburbs of Blackrock, Foxrock, Cabinteely and Kilmacud, has a population in excess of 70,000 people.

Elsewhere on Dublin's southside, CBRE's John Hughes expects to secure in excess of €1.5m for the former Abrae Court Guesthouse in Rathgar. Located at the intersection of Zion Road and Victoria Road, the property offers a wide range of uses, Hughes says, including guesthouse, student accommodation or apartment conversion subject to planning consent.

Abrae Court comprises a feature two-storey-over-garden level Victorian period building that retains many of its original features. Extending to approximately 682 sq m (7,340 sq ft), the accommodation provides for 18 guest bedrooms, a two-bedroom apartment and secure car parking. The site extends to 0.074 hectares (0.18 acre). Zoned L2 in the Dublin City Development Plan 2016-2022 "to protect and/or improve the amenities of residential conservation area", the property is being offered for sale on the instructions of joint receivers, Luke Charleton and Marcus Purcell of EY.

In Waterford, CBRE are acting as joint agents with REA Spratt on the sale of the landmark An Seanachai, Bar & Restaurant just off the main Waterford to Cork N25 road outside Dungarvan. The property is being offered for sale in one or more lots along with 12 four-star holiday homes (which can be sold together or individually).

Offers in excess of €450,000 are being sought for the pub and restaurant, while offers in excess of €95,000 each are being sought for the 12 holiday homes. There is a a small development site of 229 sq m (2,464 sq ft) between the bar, restaurant and holiday homes offering a further development opportunity (subject to planning permission).

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