Business Irish

Wednesday 17 September 2014

Powerbrokers' pub of choice goes on market for €2.75m

Donal Buckley

Published 14/11/2012 | 05:00

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Foley's Bar and Restaurant, at 1 Merrion Row, Dublin 2, is for sale with a €2.75m price tag.

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Located just a few short steps from the Taoiseach's office at Merrion Street and the Shelbourne Hotel on St Stephen's Green, the pub has been frequented by government ministers and politicians over the years.

It is being sold on the instructions of David O'Connor of BDO Ireland, who is receiver to The Belohn Ltd of which Seán Foley was a director.

Among the dignitaries to visit the pub were then British prime minister John Major who supped a pint there in 1995 as guest of then Taoiseach John Bruton. Film and TV stars Sarah Jessica Parker and Matthew Broderick have also visited.

A substantial four-storey, over basement licensed premises, its accommodation includes a ground floor lounge bar with two entrances from Merrion Row.

Overhead is a self-contained lounge, a private dining room and Queen Maedh's Restaurant which is adorned by an interesting collection of paintings. It also has fully a equipped catering kitchen and offices.

The ground floor bars are split between Foley's Bar, which is a lounge style bar, and Reilly's which has a traditional pub style and also has the advantage of dual frontages to Merrion Row and Merrion Street.

The premises also has a self-contained three-bedroom residence which has a separate hall door from Merrion Street.

The walls of the pub have references to its famous clientelle including former Taoiseach Albert Reynolds who in 1991 made a speech in Australia referring to him frequenting Foley's Sydney Nolan corner devoted to the famous Australian artist of Irish extraction.

John Hughes from selling agents CBRE confirmed that there had been considerable interest expressed in these premises prior to the public launch for sale.

"The business had previously focused on a tourist trade and now offers a unique opportunity to develop a quality food and drinks business for locals and tourists in one of the best trading locations in Dublin city," he said. It is also located within an area which has a lively night life set between Baggot Street and Georgian business area of the city home to numerous headquarter offices.

It is also close to many restaurants.

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