Saturday 18 November 2017

Top south Dublin pub goes on the market with a €3.25m guide

The Stillorgan Orchard, which is on sale for €3.25m
The Stillorgan Orchard, which is on sale for €3.25m

CBRE have confirmed that the landmark Stillorgan Orchard pub is for sale by private treaty with an asking price of €3.25m.

The Stillorgan Orchard is an extensive, mainly single storey licensed premises which extends to circa 678 sq m. The accommodation comprises ground floor lounge bar fitted out in a traditional yet contemporary style with extensive walnut finishes.

There is a self-contained Cafe Bar with a "modern yet classical" style with white painted walls and timber panelled ceilings.

The two bar areas are comfortably served by a central core comprising a large catering kitchen, food storage areas and cold room with direct delivery access from the car park which has capacity for approximately 50 cars.

There are also two smoking areas serving each bar area to the side and rear of the premises. The Stillorgan Orchard is said to be one of Dublin's most distinctive licensed premises and is renowned for its magnificent thatched roof.

It is an award winning licensed premises and has been remodelled, extended and refurbished by the present owners, Conor and Tony O'Dwyer, over the past number of years.

The refurbishment provides what CBRE describe as a "contemporary lounge bar and catering facilities while still retaining the traditional style exterior."

The brothers have now decided to sell this most distinctive of licensed premises and concentrate on their other business interests.

The Stillorgan Orchard is located on The Hill in the heart of Stillorgan Village on Dublin's southside.

The property is close to Stillorgan Shopping Centre and the Leisureplex entertainment centre while Leopardstown Racecourse is close by.

It is directly opposite the former Blake's Restaurant site.

That property itself was recently acquired by Kennedy Wilson, the US private equity firmthat has been a big buyer of commercial property in Ireland over the past three years or so.

The former Esmonde Motors site which is currently for sale, is opposite.

Importantly the property is located in a densely populated and affluent south Dublin suburb which is less than 10 kms from the city centre and along with the adjoining suburbs of Blackrock, Foxrock, Cabinteely and Kilmacud has a population in excess of 68,000 people.

At present a "satisfactory" turnover is generated from the premises.

According to John Ryan of CBRE Hotels however, the sale of The Stillorgan Orchard offers what he calls "an unrivalled opportunity to acquire a popular and landmark licensed premises which is presented in excellent condition throughout and is in truly 'walk-in' condition".

"In addition, the property offers redevelopment opportunities / alternative use potential as it occupies a site area of 0.28 ha (0.7 acres) and is zoned Objective DC under the Dun Laoghaire-Rathdown Development Plan 2010 - 2016 'to protect, provide for and / or improve mixed use district centre facilities'," Mr Ryan added.

Sunday Indo Business

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