South Dublin pub premises at €650k
PUB and hotel specialists Morrissey’s are guiding a price of €650,000 for the investment interest (tenant not affected) in Conways pub in Blackrock village in south county Dublin.
Acting on the instructions of receiver, Tom Kavanagh of Deloitte, the agents have set a date for the receipt of full and final offers of 3pm on Friday August 18 next.
Conways is let on a 15year full repairing and insuring (FRI) lease from 2017, and is currently producing a rent of €62,500 per annum.
Morrissey’s say that the premises represents “an excellent opportunity to acquire the investment interest in a well-located south Dublin licensed premises that is centrally positioned within the prime retailing and entertainment location of Blackrock village”.
Blackrock is an established and aff luent suburb to Dublin city centre that has witnessed extensive commercial and residential development in recent years.
Most notably, the substantial Frascati Shopping Centre extension adjacent to the village is currently underway.
Upon completion in 2018, the newly extended retail scheme will comprise 15,793 sq m (170,000 sq ft) of retail space, 550 car parking spaces and will be anchored by Marks & Spencer, Debenhams and Aldi.
Further details on Conways are available fom Tony Morrissey and Rory Browne.
The sale of Conways will not affect the tenants