Thursday 14 December 2017

€825,000 sought for Bellamy's pub in heart of Ballsbridge

Bellamy's Pub, Ballsbridge, Dublin
Bellamy's Pub, Ballsbridge, Dublin

Peter Flanagan, Commercial Property Editor

MORRISSEY'S are bringing two pubs to the market with a combined value of nearly €1.5m, as the number of licensed premises coming to market shows no sign of slowing down.

The agents have been tasked with selling the well-known south Dublin pub Bellamy's in Ballsbridge with an asking price of around €825,000.

The pub is being sold as a going concern and is for sale by private treaty.

The agents say Bellamy's is a "prime highly visible" property in a pivotal trading position in the heart of Ballsbridge Village.

The pub is located close to Roly's Bistro and the Herbert Park Hotel. Importantly, it is on the doorstep of the RDS and AIB headquarters at Bankcentre, from where it garners much of its business.

It is also near the Aviva Stadium and the Embassy belt, and has long been popular with patrons heading to rugby matches or stopping in for an after-work pint.

Bellamy's comprises a "compact and easily managed" licensed premises extending to about 248 square metres.

The ground floor has a lounge bar, kitchen and storage accommodation together with a first floor lounge bar and toilet accommodation and ancillary storage accommodation in the basement.

Best offers are due by Valentine's day – Friday, February 14.

Elsewhere Morrissey's have also been retained to dispense with Matt's bar in Cabra also as a going concern along with a site that adjoins the pub at the rear of the premises that extends the site to 1.6 acres overall.

The asking price is €650,000.

Matt's licensed premises is described as a "substantial property" comprising some 710 square metres of net internal accommodation. It is located directly opposite St Finbar's GAA Grounds.

It is seen as being "within close proximity of several amenities such as the Botanic Gardens, Phoenix Park, Dublin Zoo, Dalymount Park, and Croke Park".

The property is zoned objective "Z3" (to provide for and improve neighbourhood facilities). The rear site is zoned objective "Z1" (to protect, provide and improve residential amenities).

Planning permission had been granted for 36 apartments, a new pub and a bookmakers, but that permission has now lapsed.

As with Bellamy's, best offers are due to be submitted by February 14.

These are the latest pubs to come to the market, as the number of licensed premises being put up for sale shows no signs of abating.

Last week, CBRE launched the Strand House in Dublin's inner city with an asking price of €300,000, along with Carberry's in Dunshaughlin, Co Meath, on the market for around €250,000.

There has also been a rash of hotels launched in recent weeks, as activity in the hospitality sector continues to surge.

While many of the properties that have come on the market have been receiver sales, there has been some improvement in the market with a number of pubs now coming to market in a normal fashion rather than under some form of distress.

Irish Independent

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