Pub specialist John Ryan of CBRE Gunne, whose family ran Ryans of Parkgate Street, Dublin 8, up to 1995 when it was sold for €1.27 million, is handling the forthcoming auction of the licensed premises.
The current owner, Mark McCaffrey, is the fourth since it was sold by Ryans and, according to the selling agents, it is trading exceptionally well with a gross turnover of €22,000 per week. The building has been extensively refurbished. The guide price for the auction is €2.5 million.
M & S looking for retail outlet in Limerick
Marks & Spencer is planning to open a store in Limerick as soon as it finds a suitable location. The company is looking for a retail building with at least 1,858 sq m (20,000 sq ft) with access to good car-parking.
Neil Hyslop of Marks & Spencer said Limerick included the ideal customer base with an adequate number of people in the 35-plus age group in the wider catchment area. "The sooner we find a location here the better," he told a breakfast briefing hosted by agents Hamilton Osborne King and O'Connor Murphy Gubbins.
M & S has indicated that its planned Limerick store will be on the same lines of the new-style outlet shortly to open in Blanchardstown.
€2.5m for site with planning permission for 16 homes
A site with planning permission for 10 apartments and six townhouses at South Circular Road, Dublin 8, is expected to make around €2.5 million when it is auctioned by agent Donal O Buachalla on December 2nd.
The site of 0.62 of an acre is beside the Hybreasal apartments, at the junction of Suir Road and South Circular Road. The site is served by good public transport and is about 100 metres from the Luas line. The scheme will not include any social or affordable housing under the local authority rules.
Boots leases Rathmines Road shop for €125,000 per year
Boots is continuing to expand in the Dublin suburbs. The pharmacy chain has just leased the former Music City retail outlet at Lower Rathmines Road, where it will be paying a rent of €125,000 per annum. The outlet, which has 233 sq m (2,508 sq ft) on the ground floor, is opposite Tesco and a planned Marks & Spencer store. JP Sisk at Douglas Newman Good handled the letting while Karl Stewart of DTZ Sherry FitzGerald acted for Boots.
Dublin builder pays €16m for 236-unit site in Ashbourne
A Dublin housebuilder has paid just over €16 million for a site with planning permission for 236 apartments and houses in Ashbourne, Co Meath. Navan estate agent Raymond Potterton handled the sale of the land which is behind Ashbourne House Hotel.
The same agent has secured €9.3 million for another development site with planning permission for a mixture of houses and apartments at Blackcastle, Navan.
DIT sells building on Sean McDermott St for €900,000
A three-storey building on the corner of Sean McDermott Street and Rutland Street in the centre of Dublin has been sold by Jones Lang LaSalle for €900,000 on behalf of the Dublin Institute of Technology. Number 40/41 Sean McDermottt Street has 682 sq m (7,340 sq ft) of accommodation which is in need of upgrading.
Retail building in heart of Clontarf village for €750,000
Colliers Jackson-Stops expects to secure over €750,000 at auction for a retail building in the heart of Clontarf village in Dublin 5.
The two-storey building has 76.64 sq m (825 sq ft) of retail space on the ground floor and a self-contained two-bedroom apartment overhead with its own front door. Neighbouring buildings are occupied by the EBS, Beshoff, Spa and a planned Butlers Pantry. The building goes to auction on December 9th.
Ready-to-go 145-unit residential site in Portarlington
Newbridge estate agent Colm McEvoy is handling the sale of a ready-to-go housing site within walking distance of the town centre and the train station in Portarlington, Co Laois.
There is full planning permission for 145 residential units, most of them detached bungalows, three-bed semis and two-bedroom mid-terrace homes.
Over 7,000 expected at building exhibition in RDS
More than 7,000 visitors are expected to attend the PlanExpo exhibition for the building industry which opens at the RDS tomorrow and continues until Saturday evening. Many newly developed building products and new construction techniques will be on view for the first time. The organisers are to present awards to recognise the innovation and enterprise that are inherent in the building industry.
