Friday 24 November 2017

Three pubs in capital on market for €1m in total

The Village Inn, Inchicore
The Village Inn, Inchicore
The Four Roads, Crumlin
Peter Flanagan

Peter Flanagan

THREE Dublin pubs are set to hit the market, with a total asking price of just over €1m.

CBRE are seeking €600,000 for The Four Roads bar in Crumlin on the instruction of joint receivers Stephen Tennant and Paul McCann of Grant Thornton.

The pub is located at the intersection of Clonmacnoise Road and Sundrive Road close to Kimmage village. The property is located in a densely populated residential area on the southwest side of Dublin approximately 5 kms from the city centre. It forms part of a parade of local shops including a convenience store, greengrocer, bookmaker, community office and two takeaways.

The Four Roads is a two- storey licensed premises at a prominent corner trading position fronting Sundrive Road. The accommodation in the well-appointed premises comprises ground floor public bar, lounge bar, customer toilets and compact kitchen. There are extensive keg and bottle storage areas to the rear with laneway delivery access.

On the first floor there is a further lounge bar area predominately used for private functions. The premises is presented in good condition throughout and the bar areas are fitted out in traditional style with mahogany bar counters and back bars.

John Ryan of CBRE, who is handling the sale, claimed a "substantial mainly drinks-only turnover is carried on" at present and this sale represents an "excellent opportunity to acquire a long-established licensed premises with established turnover".

Meanwhile, the same receivers have instructed CBRE to dispense with The Village Inn in Inchicore.

The Inn comprises a two- storey licensed premises with public bar and lounge bar areas on the ground floor and residential accommodation overhead. The public bar is fitted with wooden flooring, wooden bar counter and bar-back and a wooden beamed ceiling.

The lounge bar is fitted with both tiled and carpet flooring, perimeter seating, wooden bar counter and bar-back and a wooden beamed ceiling. Connected to the lounge bar is an office, kitchen and storage/cold room. Both bars interconnect and have separate street access.

Mr Ryan said the sale of The Village Inn in Inchicore offers a "redevelopment opportunity subject to the necessary planning permission and would suit a variety of uses".

"The property would benefit from capital expenditure to upgrade the present facilities," he added.

Finally, the former Liam Walsh pub close to the Criminal Courts at Parkgate Street is on the market with a guide price of €200,000.

Mr Ryan said the site would suit a variety of alternative uses subject to the necessary planning permission.

"It is likely to appeal to a wide variety of occupiers including publicans, restaurant/ coffee shop operators, small developers and property owners seeking investment opportunities," he said.

Irish Independent

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