For Sale - The Beach Tavern Irishtown, Dublin 4
Dublin, August 2018 – CBRE have confirmed that the opportunity to acquire a prime Dublin 4 licensed premises has arisen with the announcement that The Beach Tavern, 7/8 Bath Street, Irishtown, Dublin 4 is for sale by private treaty. The property is being offered for sale on the instructions of Ray O’Keeffe who is retiring after many years of dedicated service to the licensed trade.
The Beach Tavern is a traditional style three storey licensed premises fronting Bath Street, a busy arterial route which carries a large volume of commuter traffic to the city on a daily basis from the surrounding suburbs of Sandymount, Ballsbridge, Donnybrook and beyond. The property is situated close to Aviva Stadium home to Irish rugby and the Leinster squad. The stadium is also a popular concert venue and hosts many other events such as soccer internationals. In addition, the property is close to the 3 Arena via the East Link Bridge.
Importantly, The Beach Tavern is convenient to Grand Canal Dock, affectionately known as Silicon Dock where many large high-tech IT companies are based. As a result, the surrounding residential area has become a most sought after residential suburb of Dublin. Irishtown, a long established residential area of Dublin city, has retained its charm and character and, as a result, there is considerable interest to acquire residential property in the vicinity, spurred by its convenience to Dublin City Centre which is less than 4 kms away. The former Glass Bottle site on nearby Sean Moore Road is earmarked for significant redevelopment in the coming years which will present significant business potential for the premises.
Behind the unique and distinctive double apex façade of The Beach Tavern lies a traditional style licensed premises comprising a ground floor public bar with feature timber ceiling and a lounge bar with customer toilets to the rear. Outside there is a yard with delivery access from Barrack Lane to the cold room and store. Overhead there is the former residential accommodation over two floors.
The entire accommodation extends to approximately 318 sq m.Selling agent John Ryan of CBRE stated that the sale of The Beach Tavern offers a rare opportunity to acquire a long-established licensed premises in the Dublin 4 area offering considerable business potential. Currently run on conservative lines, the opportunity now presents itself to expand the existing trade to incorporate a new food and drink offering. In addition, the upper floors and rear yard offer other redevelopment opportunities subject to the necessary planning consents.Offers in the region of €900,000 are being sought for the property.
CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company has more than 80,000 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.
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 135 employees, we work with occupiers, investors and developers of office, industrial and logistic, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie