Landmark pub and venue Leeson Lounge seeks in excess of €1.75m
DUBLIN landmark the Leeson Lounge, a pub and music haunt, on its prominent corner pitch at 147/148 Leeson Street Upper, Dublin 4, has been put up for sale by the Morrissey family after operating it for 40 years.
John Ryan of agents CBRE is seeking offers in excess of €1.75m for the property which he points out offers refurbishment, redevelopment and investment possibilities as it currently has three residential units on its upper floors.
It also offers significant business potential to grow the existing turnover in line with the continuing development of the office, residential and leisure facilities in the area.
After it was acquired by the late Paddy Morrissey in 1978, the Kilkenny native and hurling fan developed it into a popular venue for visitors from his native county. Subsequently it became well known for its blues, jazz and blue grass music.
Musicians like Paul Brady, Eleanor McEvoy, Gavin Povey and Wilko Johnson of Dr Feelgood have performed there. Records show that a licensed premises or grocery shop has traded from this location for almost 200 years.
The four-storey over basement licensed premises extends to about 502 sq m and includes a ground floor of about 140 sq m comprising the lounge bar and service areas. Its basement accommodates a keg store and cold room.
The upper three floors are part residential accommodation and part storage. Its three residential units are occupied and generate combined rents of about €36,000 a year. With their own separate access from the street, they comprise a one bed apartment and a pair of two-bedroom units. The remaining rooms located on the upper floors are accessed from the bar area and are currently unused.
These upper floors offer refurbishment and redevelopment opportunities as they range in floor area up to about 89 sq m which is less than that of the ground floor.
As well as extensive road frontage to Leeson Street Upper, the part red-brick premises is considered a protected structure although there are no outstanding internal features apart from two first floor bay windows with views to the south and west.
The ground floor is laid out to provide comfortable lounge bar facilities fitted with a feature herringbone wood floor.
Deliveries are via delivery grate access from Leeson Street Upper. Its space is supplemented by a south-facing outdoor seating area on the street.
From its prominent position it can be seen from the main thoroughfare linking Dublin City Centre with the affluent suburbs of Donnybrook, Ballsbridge, Ranelagh, Stillorgan and the Wexford (N11) road. It is also close to Clayton Burlington Hotel and the central business office district, as well as being within walking distance of Aviva Stadium, RDS Showgrounds, St Stephen's Green and Grafton Street. A bus stop serving several routes is located almost outside its door.