Arc Cafe Bar, Liffey Valley for sale
Dublin, 24th June 2016 – CBRE have confirmed their instructions to offer the impressive Arc Café Bar, Liffey Valley, Dublin 22 back 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 the busiest and largest shopping centres in Ireland with a host of various 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 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.
Included in the sale is an adjoining investment property currently let to Paddy Power Bookmakers and producing valuable rental income.
In addition, the property, which occupies a site of 0.9 ha (2.2 acres) and is zoned for development of a major retail centre, offers alternative use potential as its modern layout and design coupled CBRE Press Release
with its extensive car parking facilities would suit a variety of other uses such as an hotel, motor showroom, major sales outlet or iconic office headquarters.
Offers in excess of €2.5m are being sought for the property.
The sale of Arc Café Bar offers the discerning purchaser a unique opportunity to acquire highly successful, suburban licensed premises which enjoys a very substantial level of annual turnover (food, drink and off-sales) in excess of €3m supplemented by rental income of over €150,000 per annum. The property is presented in excellent decorative order throughout.
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.