Harold's Cross properties now on the market with €1.3m tag
Published 07/11/2012 | 05:00
Rosie O'Grady's pub and five adjoining properties in Harold's Cross village, Dublin 6W, are being offered for sale in four lots with a combined €1.3m price tag.
The properties are believed to have changed hands in 2006 for around €12m, and the guide prices suggest an 89pc price reduction.
Agents Morrisseys say that the current guide prices are a clear indication of the intention to sell.
Located on a 0.75 acre site, the lots include Rosie O'Grady's pub which has a guide price of €750,000. This premises ranges in height to three storeys, has a floor area of 440sqm and a car park with side access.
The other five self-contained and separate retail units range in size from 40sqm to 88sqm.
Lot three consists of three self-contained, single-storey retail units which have a combined €220,000 guide price. One of these had been a fast food takeaway and the other a launderette.
Lot four consists of two retail units and separate self-contained second storey office accommodation of 140sqm. together with rear car park and its guide price is €330,000.
Harold's Cross is a busy village as it is on a key route connecting the city centre to Rathgar, Terenure, Rathfarnham and Tallaght. Its hinterland includes an active residential letting area as it is close to Rathmines and within walking distance of Clanbrassil, Camden and Harcourt streets.
A development partnership including Brian Flannery, Larry Crowe and Robin Payne had received planning permission in 2009 for a mixed development on the site and the project would have had a total floor area of 7,461sqm as well as 41 apartments, four other retail units and 80 parking spaces.
The partners own the Camden De Luxe Hotel with its Palace Night Club on Camden Street.
In 2008 they sold Flannerys Bar across the road for €14.5m to a consortium of night club owners including Colin Dolan, nephew of the legendary singer Joe Dolan.