Sunday 22 April 2018

Two pubs on offer for €550k in total

The Strand House, Dublin 1, on sale for €300,000
The Strand House, Dublin 1, on sale for €300,000

.Peter Flanagan Commercial Property Editor

TWO pubs are being brought to market this week for more than half a million euro.

CBRE has launched The Strand House on the North Strand in Dublin 1, with an asking price of some €300,000.

The property is being sold on the instructions of receiver Stephen Tennant of Grant Thornton.

The Strand House is located close to the landmark "Five Lamps" intersection near Connolly Station.

Importantly, the property is located less than a kilometre from Croke Park which drives the business on match days. The property is also located beside North Strand VEC College and numerous other commercial businesses.

CBRE says the property enjoys a "prominent trading location within this densely populated residential area".

The Strand House has been substantially rebuilt in recent years.

The accommodation comprises ground floor lounge bar with customer toilets and a smoking area. In the basement there is a large and well-appointed cellar with a beer cold room while overhead there are two one-bedroom apartments.

CBRE's John Ryan said the property offered "an ideal opportunity to acquire a well-appointed lounge bar with considerable business potential supplemented by the overhead rental income".

Mr Hughes is also the agent in charge of selling Carberry's pub in Dunshaughlin with an asking price of €250,000.

The sale is on the instructions of receivers Sharon Barrett and Declan Taite of RSM Farrell Grant Sparks.

Carberry's comprises a compact cottage style licensed premises on Dunshaughlin main street. It has been refurbished and extended in recent years to provide excellent facilities throughout.

The accommodation comprises ground floor lounge bar with customer toilets and a beer cold room to the rear. In addition there is a large smoking area and yard to the rear of the premises.

On the first floor there is an office, store and attic room.

"The premises offers the discerning purchaser a unique opportunity to acquire a well-appointed lounge bar in "turn-key" condition with unrivalled business potential," said Mr Ryan.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business