Third fewer Dublin pub sales in ‘17
20 Dublin pubs were sold in 2017 for a total of €22 million compared to 30 pubs in 2016 which sold for some €43 million according to CBRE Ireland which released statistics on the volume and value of last year’s pub sales in the Dublin market recently.
11 January 2018 | 0
In 2014 the total value of pub sales in Dublin topped €44 million.
“On the one hand the volume of transactional activity in the Dublin pub sector last year was disappointing considering the volume of pent-up demand prevailing for good licensed premises in the capital,” stated John Ryan from CBRE Ireland’s Hotel & Licensed Department, “However on the other hand, it’s largely reflective of strong economic and trading conditions that have encouraged publicans to remain in business. Good trading conditions boosted turnover and profitability, leading to a corresponding uplift in the value of the underlying asset, which encouraged many publicans to continue trading.”
Some notable Dublin pub properties that sold in the last 12 months include Boland’s in Stillorgan, JJ Smyth’s on Aungier Street, Dublin 2, Sandyford House, Sandyford and the Arc Café Bar at Liffey Valley in West Dublin.