THE SALE OF THE BARGE AND J.W. SWEETMAN PUBS IN DUBLIN TO GENERATE INTEREST FOM PUBLICANS AND INVESTORS
Dublin, Sunday May 1st, 2022 -
CBRE have confirmed their instructions to offer for sale The Barge, Charlemont Street, Dublin 2 and J.W. Sweetman, Burgh Quay, Dublin 2. The two high profile pubs are offered for sale on behalf of Quinn Hospitality Ireland Operations Limited.
The Barge, Charlemont Street, Dublin 2
The Barge is one of Dublin’s landmark licensed premises occupying a prominent trading position overlooking the Grand Canal at Charlemont Bridge. The property is located in a populated residential and commercial area and is close to the Harcourt Street and Wexford Street entertainment areas. The surrounding area is the Central Business District of the city.
The Charlemont Street area has been transformed with the recent completion of Charlemont Square, a redefining urban mixed-use development, adjacent to The Barge. Charlemont Square, anchored by Amazon, includes approximately 355,000 sq ft of offices, 280 apartments together with retail space. Adjoining The Barge is the 190 bedroom Clayton Hotel and is close to The Hilton Hotel with 193 existing rooms and planning for an additional 130 rooms. The area is well served with public transport including nearby Luas stations at Charlemont Street and Harcourt Street.
The Barge comprises a part two storey / part three storey over basement licensed premises fitted in traditional style. Ground floor lounge bar, catering kitchen, mezzanine bar, first floor bar and second floor private function room. In the basement there is a cellar and beer cold room. The premises façade is a popular product placement site with iconic advertising throughout the year. The premises extends to approximately 360 sq m. and is very well presented throughout. The Barge is offered with a guide price of €3.75m.
J.W. Sweetman, Burgh Quay, Dublin 2
J.W. Sweetman (formally Messrs Maguire’s) is an imposing and extensive licensed premises occupying a commanding trading position overlooking the River Liffey at O’Connell Bridge and immediately adjacent to O’Connell Street in the heart of Dublin city centre. The property is situated close to the cross city Luas line. The property is also convenient to Dart station at Tara Street, Bus Aras and mainline rail at Connelly Station. The property is strategically located close to the expanding Dockland district and convenient to the 3Arena. The property is also close to Temple Bar, one of the principal entertainment areas of the city and many of Dublin’s main tourist attractions. Nearby there is significant redevelopment with new hotels (850 rooms) rooms and office (1m sq ft) recently completed, under construction or with planning. The premises also is situated midway between the two principal shopping areas at Henry Street and Grafton Street.
J.W. Sweetman is a traditional style four storey over basement double fronted licensed premises. Dating back to 1800’s the building includes many original features including ornate plaster work located in “The Conversation Room” – the original location of the Dublin Library Society. The original Sweetman Brewery was located in this area before being sold to Arthur Guinness & Sons.
The accommodation comprises ground floor bar with rich traditional interior. On the first and second floors there is similar lounge bar accommodation while on the third floor there is a catering kitchen with dumb waiter to all floors. In the basement there is a cellar bar, cold room and microbrewery production area. The entire extends to c.830 sq m of accommodation. J.W Sweetman is offered with a guide of €3.25m
John Hughes, Director, CBRE confirmed “the sale of The Barge and J.W. Sweetman offers a unique opportunity to acquire, one or two, extensive licensed premises in landmark Dublin city locations. The properties will appeal to existing publicans wishing to expand their existing portfolios, new entrants and to investors”
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 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, 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
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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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