Bewley's former city cafe sold
Published 14/06/2011 | 05:00
AFTER two years on the market, the building that once housed Bewley's Cafe on Dublin's Westmoreland Street has found a buyer.
Sold signs went up on the landmark 5,300 sqm building yesterday which houses a cafe, two bars, a nightclub and a hotel.
It is believed that the city centre property fetched a price in the region of €10m -- between two and five million euro less than what was being sought when the property was first put on the market in June 2009.
The building was being sold by Jim Hamilton, of BDO Simpson Xavier, who was appointed by the High Court as a receiver to deal with the assets of the property syndicate Thedforde Trading Ltd in 2009.
Thedforde Trading, which was headed by Simon Kelly, Col Campbell and Rory Donohoe, bought the property for €26m in 2006.
A spokesperson for the selling agents CB Richard Ellis confirmed to the Irish Independent last night that a sale had been negotiated.
Extensive renovations will be required to enable the building to reopen.