Business Irish

Sunday 19 November 2017

Ranelagh pub on market for €1.75m

Donal Buckley

RUSSELLS pub in Ranelagh, Dublin, is being offered for sale with a guide price of €1.75m.

It is located in the heart of Ranelagh village, which has developed a reputation for its night life on the back of its wide range of thriving restaurants.

When reconstructed about 10 years ago, the pub (above) was imaginatively designed, extended and tastefully furnished to provide a spacious quality lounge bar property. A feature is its unique first-floor balcony area, which acts as a beer garden/smoking area as well as an enjoyable location for people-watching.

Its total floor area of 460 square metres includes lounge bars which are laid out to maximise customer areas, with raised seating area, fitted seating and compact service counters. Its front lounge bar benefits from the corner location with dual street frontage.

The first-floor lounge is self-contained with access to the open balcony. A fully equipped catering kitchen is located on the top floor, which is linked to all floors by a dumb waiter. Its basement, with good ceiling height, includes stores, staff area and built-in cold room with delivery access from street level.

The property is being sold on the instructions of Eamonn Richardson and Kieran Wallace, KPMG, joint statutory receivers of Dublin Taverns Limited (DTL) who have been operating the pub since November. The directors of DTL had included Dublin publican David Cullen, who also owned The Turk's Head pub in Parliament Street.

As well as being a popular residential location for young people and families, Ranelagh also attracts a wide catchment to its nightlife activities, thanks to its Luas stops at Beechwood and Ranelagh, as well as its bus services, which make it easily accessible for the affluent residents of Milltown, Rathmines, Clonskeagh, Dundrum, Ballsbridge and Carrickmines.

John Hughes, from selling agents CBRE, says the property has generated interest from publicans and those wishing to trade in one of the most sought-after areas of the south city.

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