£2.5 million sought for city centre Gubu Bar

An unusual investment opportunity in a Dublin city bar has come on the market through Insignia Richard Ellis Gunne

An unusual investment opportunity in a Dublin city bar has come on the market through Insignia Richard Ellis Gunne. The agent is seeking in excess of £2.5 million for the Gubu Bar at 7/8 Capel Street, Dublin 1, which is let to Jonathan Bourke and Eoin Foyle at a rent of £173,000 per annum. The purchaser could expect to get a return of 6.4 per cent after costs and could also avail of £324,500 in capital allowances. Bourke and Foyle also run The Front Lounge on Parliament Street, the Globe Bar on George's Street and Eden Restaurant in Temple Bar.