Tenancy: Leopardstown Racecourse is looking for a replacement tenant for Baileys who ran a bar and restaurant in the former Icon centre beside the racecourse.

Agent HT Meagher O'Reilly is likely to be looking for a rent of around €300,000 for the distinctive building which has about 12,627 sq m (135,916 sq ft) of space on three floors, all of it fitted out to the highest standards. It includes three lounge bars, fully fitted kitchens, cold stores and staff facilities.

The high class facility is not only located on Ireland's premier grade one course which stages both national hunt and flat race meetings, it is also close to a densely populated solid middle class area with a lot of spending power.

It is also next to Sandyford Industrial Estate with its huge employment levels and within a short distance of Foxrock.

James Meagher of the letting agent says the building could be used either for leisure or retail purposes.