Howth pub to be sold
Published 20/10/2010 | 08:53
ONE of Howth’s best-known pubs, the Pierhouse Bar and Restaurant, is being sold by receiver Niall Coveney of Ernst & Young, and observers in the trade reckon it could achieve between €1m and €1.5m.
Meanwhile, the liquidator of a Donegal hotel, Ostan na Rosann, has disclosed a reserve price of €500,000 for the 48-bedroom Dungloe hotel.
In 2007 the owner Maurice McBride had been asking €3m for the hotel and earlier this year Jim Stafford, liquidator, MMB Hotels Ltd, had been hoping to achieve €885,000 from its sale.
CB Richard Ellis are agents for both the Pierhouse and Ostann na Rosann but declined to disclose the reserve for the Pierhouse, a two-storey traditional property which accommodates lounge bar, back bar, snug bar, staff rooms and store, as well as an upstairs 50-seater restaurant and kitchen.
It overlooks Howth Harbour, which is renowned for its leisure yachts and fishing fleet, and where the footfall includes local and international visitors as well local residents from one of the most soughtafter residential areas in the capital.