Sunday 11 December 2016

Pick-up seen in interest for range of licensed premises

DONAL BUCKLEY Commercial Property Editor

Published 24/02/2010 | 05:00

Ostan Na Rosann Hotel, Dungloe, Co Donegal is for sale with a €1m plus guide price. Located on an
elevated site overlooking Dungloe Bay, its accommodation includes a lounge bar, restaurant,
function room and 48 en suite bedrooms
Ostan Na Rosann Hotel, Dungloe, Co Donegal is for sale with a €1m plus guide price. Located on an elevated site overlooking Dungloe Bay, its accommodation includes a lounge bar, restaurant, function room and 48 en suite bedrooms

Increased interest in licensed premises is reflected in recent activity by agents in Dublin and Roscommon.

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In Dublin The Globe Pub and Ri Ra on South Great George's St is believed to have gone sale agreed.

The agents CB Richard Ellis refused to comment on reports that the deal price was close to the €4.5m asking price.

Meanwhile two bidders are also reported to be vying for the Towers pub in Ballymun for which CBRE had quoted €3.5m.

In West Dublin, The Hatch Bar on 5.62 acres, at Hazelhatch, Newcastle, is for sale with a €1m price tag.

Situated on the Grand Canal, it is a short walk from Hazelhatch and Celbridge train station and 2km from Celbridge town and the M4.

It has 175m frontage on the Celbridge Road and 50m frontage onto the canal at a spot where boating enthusiasts moor their boats.

Its agents Lisney point out that the site is zoned B for rural amenity and prospective buyers may also have an opportunity to acquire extra land.

Restaurant

In Dublin 2, McNally Handy has selected a preferred tender for Bang restaurant in Dublin 2, one of the chain of hostelries formerly operated by the Stokes twins.

As many as 10 food industry operators had offered key money for the Merrion Row restaurant, just around the corner from Jeff Stokes' Unicorn restaurant.

Meanwhile in Roscommon John Earley of Property Partners Earley received a €350,000 offer for Finneran's pub on a 1.45 acre site which is three miles from Roscommon Town on the Athlone/Dublin Road (N61).

He says it would go on the market at €400,000 and the vendor would accept a deal whereby part of a higher price could be paid over a number of years.

Mr Earley recently sold Hennessys, a traditional thatched pub with four bedrooms and a rear garden in the centre of Ferbane, Co Offaly. Interested parties indicate that the asking price was around €650,000 but it is believed that a Kildare investor bought it for well below the asking price.

Mr Earley is also hopeful of selling Canny's pub just outside the village of Castleplunkett in Co Roscommon.

The four bedroom property has an offer of €320,000.

Irish Independent

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