Press Release
Exciting Opportunity To Acquire Dublin Landmark Licensed Premises
March 20, 2024
CBRE have confirmed their instructions to offer three high profile licensed premises for sale individually or collectively:
- Ashtons, Clonskeagh, Dublin 6. Guide Price €4.75m
- The Foxhunter, Lucan, Co. Guide Price (Including adjacent development site) €5.25m
- Thomas Rody Maher’s (former Larry Murphys) Baggot Street Dublin Guide Price €3.5m
The three licensed premises which have been meticulously restored by Paddy McKillen Junior and his company Oakmount, who acquired the properties over recent years. The buildings were acquired primarily as restoration projects to add to their long list of high-profile restoration projects with the intention to offer for sale once the business was established.
Ashtons https://ashtonsdublin.ie/
A south Dublin landmark occupying a riverside position on the banks of the Dodder
Investment Highlights
- Unique opportunity to acquire a long established licensed premises
- Situated in the densely populated, affluent area of Dublin 6
- High profile trading location beside the River Dodder
- Benefits from proximity to Energia Park and Aviva stadiums
- Close to Ranelagh, Donnybrook, Milltown and Dundrum
- Potential to grow further revenue as one of the top gastro pubs in the area with a loyal customer base
- Significant recent capital investment in upgrading the property
- Development potential P.P current application lodged for boutique hotel
The Foxhunter https://foxhunter.ie/
Landmarked licensed premises and adjoining site offering development opportunity S.P.P.
Investment Highlights
- Superb opportunity to acquire a trading premises with an established reputation and limited competition in the surrounding area
- Landmark location with significant road frontage over 130m
- A large site adjacent of c. 49 ha to The Foxhunter which offers development opportunity S.P.P (can be sold separately to The Foxhunter)
- Substantial growth potential to drive further revenue following an extensive refurbishment by the existing owners
- Opportunity for a new owner to agree a franchise of the existing F&B operations currently trading as Elephant & Castle and Wowburger
- Popular venue for private dining events and family events with further growth opportunity
- Freehold
Thomas Rody Mahers https://maherspub.ie/
Completely refurbished licensed premises (Former Larry Murphys) and offices in prime city location
Investment Highlights
- Superb opportunity to acquire a high profile corner licensed premises
- Situated in the busy Central Business District office area of Dublin 2
- Unique trading location beside the Department of Health, the new ESB headquarters, SMBC and nearby LinkedIn’s EMEA HQ
- Close to Stephen’s Green, Grafton Street and Aviva Stadium
- Tremendous potential to establish as one of the top bars in the city
- Additional rental income potential from the upper (Please note, third floor office tenant unaffected by sale)
- Of interest to occupiers and investors
John Hughes CBRE commented “the sale of Ashtons, The Foxhunter and Thomas Rody Mahers offers a unique opportunity to existing publicans and investors to acquire, collectively or individually, three landmark premises presented in turn key condition and benefit from developments in each of their locations. The Foxhunter site will also appeal to developers who will consider zoning and planning potential”
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.