Business Irish

Saturday 17 March 2018

Bars and restaurants generate deals in regions

An award-winning bistro bar and guest house in Ballina, Co Mayo, is back on the market. Paul and Alan Murphy are selling their Crockets on the Quay pub, which has a floor area of almost 961sqm and sits on a site of 1.01 acres.

Overlooking the River Moy in a good trading position within the town, its accommodation includes a public bar, a lounge bar and restaurant, a large purpose-built outdoor heated smoking area combined with a sports bar.

At first-floor level the freehold property accommodates eight guest bedrooms as well as a manager's apartment.

The site currently accommodates 50 car parking spaces.

Agents Morrisseys say that the guest accommodation could be readily extended by converting the remaining part of the on-site stone building into bedrooms.

They have set October 5 as the date for receipt of offers for a private treaty sale but have not gone public on a guide price.

Meath pub auction

In Co Meath, The Kilmessan House residential pub on one acre in Kilmessan will go for auction on September 28. Auctioneers Sherry FitzGerald Royal are quoting an AMV of €275,000.

At one time it was known as the Wingfield Arms Hotel, which was called after a horse which won a sizeable bet for a former owner, Mrs Coady.

As well as a public bar, it also has a lounge bar, and function room. Its residential accommodation extends over three floors and includes four bedrooms.

Dundalk deal done

The Avenue Inn, Dundalk in Co. Louth, has been sold for nearly €700,000 according to the agents Gunne Property Commercial who have sold it five times since it first made legal history in its application for a licence many years ago.

In 2006 it was sold after auction for more than €2.9m. It is located at Greenacres shopping centre which was originally intended to be one of the largest licensed premises in the country to cater for its large catchment.

Maynooth restaurant

The Cascella family are to open a second restaurant in the town of Maynooth, Co Kildare, this time as an Argentine BBQ Steak House and Spanish Tapas Bar operating from Desmond House on the main street. The family have operated Donatello's Italian restaurant in the town for over two decades.

A rent in the region of €270 per sqm is believed to have been agreed for Desmond House which has planning permission for a new 60-seater restaurant.

Letting agent Eamon O'Flaherty of Property Partners Brady said this first Argentine restaurant confirms Maynooth's position as the culinary capital of North Kildare.

He was also letting agent for the new Bon Bon Café which opened its doors last month in the university town's Mill Street.

Irish Independent

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