Lease Of Ba Mizu Cafe for Sale

Dublin – 29 August 2008 - The opportunity to acquire a popular licensed premises located in a prime city centre location has arisen with the announcement that Ba Mizu Café Bar, Powerscourt Townhouse Centre is for sale by Private Treaty through licensed specialists CB Richard Ellis.

Ba Mizu Café Bar occupies a key corner unit within the Powerscourt Townhouse Centre, one of Dublin’s most unique speciality shopping centres. It is situated midway between Grafton Street and South Great Georges Street and is located within the premier shopping and entertainment area of the city. The property has direct street access from South William Street to the Powerscourt Townhouse Centre which is very popular with fashionistas and Dubliners alike and is a popular rendezvous point for the many shoppers who throng the area on a daily basis.

The property overlooks the main enclosed court yard of the centre and extends to c.402 Sq.M. The accommodation, which is presented in excellent condition comprises of lower ground floor lounge bar, fitted out with effective use of stone, timber and glass together with a fully fitted and equipped catering kitchen, toilets and stores.

According to selling agent John Ryan of CB Richard Ellis “the sale of Ba Mizu Café Bar represents a superb opportunity to acquire a well located city centre leasehold licensed premises situated in the heart of this vibrant and busy commercial and entertainment area, and offers tremendous scope to increase the present level of turnover in line with the continuing development of the area”.

Offers in excess of €1.6 million are being sought for the leasehold interest.

For further details please contact

John Ryan
Hotels & Licensed Department
CB Richard Ellis
Connaught House
Burlington Road
Dublin 4
Tel + 353 1 6185536
Fax + 353 1 6688850
E-mail john.ryan@cbre.com
Mobile 087 2435072

About CB Richard Ellis
CB Richard Ellis 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 firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis is the only commercial real estate services company named one of the 50 “best in class” companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune. Please visit our website at www.cbre.com.