Dublin,
20
August
2015
|
12:37
Europe/Dublin

Arc Café Bar Liffey Valley For Sale

Dublin, 14 August 2015 – CBRE have confirmed their instructions to offer the impressive Arc Café Bar, Liffey Valley, Dublin 22 to the market on the instructions of the Towey Group.

Arc Café bar is a modern and extensive licensed premises which occupies a pivotal trading location immediately adjacent to the Liffey Valley Shopping Centre. The property is located off the main M4 Dublin to Galway Road and is close to its intersection with the M50 Motorway approximately 12 kms from Dublin City Centre.

The property is located close to a host of densely populated residential suburbs including Lucan, Clondalkin, Ballyfermot and Palmerstown which have a combined residential population in excess of 117,126 (Census, 2011).

The adjoining Liffey Valley Shopping Centre is one of Ireland’s largest shopping and busiest shopping centres with a vast variety of retailers including Marks & Spencer, B&Q and H&M to name but a few. In addition, there is a multiplex cinema complex and several other restaurants.

Arc Café Bar is a purpose built, modern licensed premises and entertainment complex which extends to c. 1,540 sq m over four floors. The accommodation comprises a ground floor lounge bar with an extensive carvery and catering kitchen. In addition there is a comfortable public bar with feature terrazzo flooring and a separate off-licence retail area. A circular glazed mezzanine area leads to the stylish first floor late bar area which has an impressive outside smoking terrace. In the basement there are customer toilets and ample keg and bottle storage areas while outside there is extensive car parking (170 cars) and additional smoking areas. In addition, at first floor level there is a separate restaurant area, currently let to Lemongrass Restaurant, on a long lease and providing valuable rental income.

According to John Ryan of CBRE the sale of Arc Café Bar offers the discerning purchaser a unique opportunity to acquire highly successful, suburban licensed premises / late bar venue which enjoys a very substantial level of annual turnover (food, drink and off-sales) in excess of

€3m supplemented by rental income of over €100,000 from the restaurant. The property is presented in excellent decorative order throughout.

In addition, the property, which occupies a site of 0.9 ha (2.2 acres), offers alternative use potential as its modern layout and design coupled with its extensive car parking facilities would suit a variety of other uses such as an iconic office headquarters, car showroom or retail outlet.

Offers in excess of €3.25m are being sought for the property.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

In Ireland, with offices in Dublin and Belfast, CBRE is the country’s largest commercial real estate services company, now employing over 165 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, debt advisory, project management, consultancy, business rates and compulsory purchase, valuations and research. Please visit our website at www.cbre.ie or www.cbre.ie/ni.