Wednesday 21 February 2018

Opportunity knocks for pub lovers as two premises go on the market

The Ryevale Tavern
The Ryevale Tavern
The Ramble Inn

Peter Flanagan Commercial Property Editor

TWO pubs have been launched to the market with a combined asking price of more than €2m.

CBRE's John Ryan has been retained as selling agent for the Ryevale Tavern in Leixlip, Co Kildare, and the Ramble Inn in North Dublin.

The Ryevale Tavern is on the market guiding €1.5m.

It is being sold on behalf of the Hannigan family who had run the premises for over 60 years.

The Ryevale Tavern is located on Pound Street in the heart of Leixlip village.

The tavern, which incorporates 'Darkie Moores' lounge bar and 'The Loft' restaurant, is an extensive licensed premises at over 1,070 sq m (11,500 sq ft) and is said to be presented in excellent condition.

Meanwhile Darkie Moores is seen as a popular and beautifully appointed lounge bar. To the rear of the premises, the restaurant is fitted out in a contemporary style with pitched ceiling and a large fully fitted and equipped catering kitchen. Outside there is a designated smoking area.

Directly opposite the tavern is the former 'Zinc' nightclub, which CBRE describe as a "well-appointed and extensive" stand-alone premises extending to over 1,095 sq m of accommodation. The premises is not currently trading.

Both the pub and the nightclub are linked at basement level where there is an extensive cellar and beer cold room.

Outside there is car parking for about 80 cars. The property occupies a total site area of 0.78ha (1.9 acres) and is zoned Town Centre under the Leixlip Local Area Plan 2010-2016.

Mr Ryan said: "The sale of the Ryevale Tavern offers an excellent opportunity to acquire an extensive licensed premises and separate nightclub on a large site which offers alternative redevelopment opportunities."

"Importantly, both the bar and the nightclub are separately licensed."

Meanwhile CBRE has confirmed that The Ramble Inn in Killester, Dublin 5, is for sale by private treaty. The property is being sold on behalf of receiver Stephen Tennant of Grant Thornton.

The Ramble Inn is on Killester Avenue close to Collins Avenue which links the Malahide Road and the Howth Road.

The Ramble Inn is a part two storey/part single storey licensed premises which forms part of a parade of local shops.

The accommodation comprises a ground floor lounge bar and public bar with a beer cold room to the rear. Above there is the former residential accommodation comprising five rooms. Mr Ryan claims the Ramble Inn is a "well-appointed licensed premises with an established turnover from the locality and offers the purchaser an ideal opportunity to acquire an easily run and managed licensed premises".

Offers in excess of €525,000 are being sought for the property.

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