Former Silks casino makes €1.4m

Lisney negotiated the sale of the casino for €1.4m – €400,000 above the guide price

The  Earlsfort Terrace home of Silks Private Members Club
The Earlsfort Terrace home of Silks Private Members Club

Nama has agreed to sell the large period building on Earlsfort Terrace in Dublin 2 which housed Silks Private Members Club for the past 12 years.

Lisney negotiated the sale of the casino for €1.4 million – €400,000 above the guide price. The purchaser is not expected to use it as a private club. The four-storey over basement building is exceptionally well finished out and includes a private bar, lounge, kitchen, casino and heated barbecue annexe. Receivers Duff & Phelps handled the sale of the premises, one of about six private casinos in Dublin.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times