South Dublin pub premises at €650k

Irish Independent - Business Week - - COMMERCIAL PROPERTY - Ron­ald Quin­lan

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

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