| 6.9°C Dublin

Dublin pubs come on tap in city centre and suburbs

Close

Licensed premises: Floods (pictured) in Kimmage is guided at €975,000

Licensed premises: Floods (pictured) in Kimmage is guided at €975,000

The historic Flowing Tide is expected to fetch more than €2m

The historic Flowing Tide is expected to fetch more than €2m

/

Licensed premises: Floods (pictured) in Kimmage is guided at €975,000

Two Dublin pubs - the Flowing Tide in the city centre and Floods in Kimmage, Dublin 12 - have been brought to the market this week by agent Bohan Hyland for two separate sales.

Located at 9 Lower Abbey Street on the corner with Marlborough Street and opposite the famous Abbey Theatre, the well-known Flowing Tide also presents potential for investment income. Agent Eddie Bohan is seeking offers of more than €2m and says it has potential to generate more than €170,000 in rents.

Its links to historic events include 1916 when a shell from the gunboat HMS Helga missed the GPO and landed on the pub. In 1907, it was stormed by protestors venting their anger against the actors who played in JM Synge's 'Playboy of The Western World' when it opened at the Abbey.

For more than a century, the theatre's cast, staff and patrons have visited the pub, including actors such as Gabriel Byrne, Brendan Gleeson and American film star Brian Dennehy who would pop in for a Guinness every night after he played the lead in 'The Iceman Cometh' back in the 1990s.

Mr Bohan's father, the late Senator Eddie Bohan, bought it in 1968 and in 1991 he sold it to his son-in-law Lorcan Lynch who is now selling it after more than 50 years in the extended family.

The pub occupies the basement and ground floor and the lease to its current operator will expire in November, providing vacant possession if required although the operator is keen to stay on for another lease term. Within a total floor area of 4,088 sq ft, the basement extends to 1,198 sq ft and the ground floor to 993 sq ft.

On the three upper floors, which have separate access from Lower Abbey Street, there are 13 own-door type office suites which have been individually let on short leases. Some tenants have left having been served notice but Mr Bohan estimates projected annual rents of €65,350.

This corner site is located between two stops on each of the Luas red and green lines and it is seeing significant urban renewal including new hotels at Clerys Quarter and Marlborough Street.

Meanwhile in the suburb of Kimmage Brian Nolan is selling Floods on Sundrive Road, Dublin 12 and agent Bohan Hyland is guiding €975,000.

Located in a parade of shops, including a Paddy Power bookies, in a densely populated area, the property comprises a two-storey licensed premises with public and lounge bars at ground floor level and a large self-contained function room upstairs.

Focused solely on drink sales, the pub trades very well with annual growth in turnover. It also has a kitchen which could provide potential for food sales.

When it was known as The Four Roads, the pub was sold after a 2016 auction for which it had been guiding €500,000.

Indo Business