Wednesday 13 December 2017

Landmark south Dublin pub sells for nearly €1m

Peter Flanagan Commercial Property Editor

ONE of the landmark pubs in south Dublin has been sold, and is likely to be preserved for future business.

Longs pub in Donnybrook was bought in trust by a Cork-based solicitors firm.

Terms of the sale were not disclosed but it is believed the final price was close to €900,000.

The deal means Longs has finally come off the market after several months of being on sale.

The pub was long owned by Tipperary natives, the Stapleton family.

The successful sale means Longs will be one of the few pubs to be sold in a trade sale so far this year. Most sales in the sector have been businesses being sold out of receivership.

JP Younge acted as agents for the Stapletons.

The sale had been held up for several months but finally the hold-ups have been resolved.

The pub is likely to be retained under the new owners, with offices above it.

It is situated on the main street in Donnybrook, very close to the likes of Donnybrook rugby grounds, the RDS and RTE.

It is also "within easy walking distance" of the Aviva Stadium.

It was refurbished relatively recently but is likely to get a further upgrade from the new owners.

The property also has a lucrative advertising hoarding, mounted on the side gable – a source of valuable added income.

Meanwhile The Village pub in Clonee, Co Meath, has been sold as well.

The premises with beer garden and car park on the Clonee main street had been on the market for some time as well.

Set on almost half an acre, the property backs on to the river Tolka.

The premises is leased but was sold with full vacant possession. Terms of the deal were not revealed but it is thought likely the sale went through for around €400,000.

JP Younge acted as agents for the pub property.

The premises is currently on a short term lease and comprises a non-residential seven-day licensed premises.

It has two beer gardens or smoking patios – one to the front of the building and the other adjacent to the car park entrance immediately off the main street. The car park to the rear can accommodate about 40 vehicles.

It is not yet clear if the pub will be retained as a going concern.

Irish Independent

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