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Landmark Sandycove pub guiding at €2.5m

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Joycean links: Fitzgerald’s Albert House is for sale in Sandycove, Dublin

Joycean links: Fitzgerald’s Albert House is for sale in Sandycove, Dublin

Joycean links: Fitzgerald’s Albert House is for sale in Sandycove, Dublin

A pub with Joycean associations, Fitzgerald's Albert House, is for sale in the seaside village of Sandycove in south Dublin. Agent John P Younge is quoting around €2.5m for the property.

Separately the same agent is also auctioning a former pub in Clonee, Co Meath, with mixed-use development potential, for about €1m.

The Fitzgerald family have owned and operated the Sandycove pub for about 60 years and are selling it as a going concern by way of company shares. That will present stamp duty savings for the purchaser.

It generates about €950,000 a year in turnover net of VAT and about €40,000 of that is generated by food sales. Tom Fitzgerald is a stalwart of the local Joycean Bloomsday Festival held to mark Joyce's 'Ulysses' novel which is partly set in Sandycove's Martello Tower. Consequently Joyceanna features in the bar which extends to 1,400 sq ft. A 143 sq ft kitchen and 380 sq ft of stores are also located at ground level.

Upstairs is a two-bedroom apartment with period features which is directly accessible from the street and extends to about 1,200 sq ft.

Another vendor is selling Tolka House, a former pub on 0.9 acres on the banks of the River Tolka. Located at a T Junction on Main Street in the burgeoning village of Clonee, Mr Younge believes that this site has potential for a development with retail on the ground floor and either apartments or offices overhead.

It will be auctioned in Buswells Hotel, Dublin, on March 5.

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