Dublin,
27
September
2016
|
12:50
Europe/Dublin

Landmark Sandyford House Pub occupying a Prime Site with Redevelopment Opportunities

Dublin, September 2016 – CBRE have confirmed their instructions to offer the landmark Sandyford House licensed premises to the market for sale by private treaty. The property, which sits on a prime site of 0.48 hectares (1.17 acres) offers exceptional redevelopment opportunities.

Sandyford is a well populated residential and commercial suburb of South Dublin located approximately 12 kilometers from Dublin City centre which has become a much sought after residential suburb along with the adjoining suburbs of Stillorgan, Dundrum, Leopardstown, Stepaside and Ballinteer.

The property extends to 0.48ha (1.17 acres) and comprises a part single storey, part two storey well-appointed licensed premises extending to circa 1,230sqm with car parking for over 100 cars. The licensed premises currently enjoys a high level of food, drink and off-licence turnover. In addition, there is a vacant retail property on the site.

The site is zoned "Neighbourhood Centre - to protect, provide for and / or improve mixed use neighbourhood facilities" under the recently implemented Dun Laoghaire Development Plan 2016 – 2022 and offers exceptional redevelopment potential. Because of its zoning and exceptional location the property is expected to attract interest from a variety of developers including residential developers, nursing home operators and petrol filling station operators.

The sale is being handled by John Ryan and Peter Garrigan of CBRE who expect strong buyer interest from a range of developers and publicans seeking an opportunity to expand the existing pub business or develop the site to exploit is excellent location.

Offers in excess of €2m 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.