Pub scarcity in Dublin
Sixteen pubs worth over €17.8 million were sold in the first three-quarters of the year according to CBRE Ireland, with an average sale price of €1.18 million.
12 October 2017 | 0
But the number of Dublin pub properties changing hands in the first nine months of 2017 is down compared to the volume traded in the last three-year period, according to John Ryan from the Hotel & Licensed Department at CBRE Ireland.
”To some extent an improvement in trading conditions in Dublin is reducing the number of licensed properties that are being offered to the market for sale,” he said, “In addition to the more than €17.8 million traded so far this year, four Dublin pubs are currently sale-agreed and expected to close shortly.”
Some notable Dublin pub properties that sold in the first nine months include Boland’s in Stillorgan (over €1.4 million), JJ Smyth’s on Aungier Street (€1.4 million); Arc Café Bar at Liffey Valley; Sandyford House in Sandyford (€1.7 million); MacTurcaill’s, Townsend Street and Nash’s, Dublin 8.