Commercial property consultants, CBRE Ireland, this month released statistics on the volume and value of pub sales in the Dublin market in 2017, showing that a total of 20 pub properties, totalling more than €22 million between them sold in the Irish capital during the last year.
This compares to €43 million in 30 pub sales in Dublin the previous year. Some notable Dublin pub properties that sold in the last 12 months include Boland’s (Stillorgan), JJ Smyth’s (Aungier Street), Sandyford House (Sandyford) and the Arc Café Bar (Liffey Valley in West Dublin).
Commenting on the figures, Director CBRE Hotels, John Ryan said, "On the one hand, the volume of transactional activity in the Dublin pub sector last year was disappointing considering the volume of pent-up demand prevailing for good licensed premises in the capital. However, on the other hand, it is largely reflective of strong economic & trading conditions that have encouraged publicans to remain in business."
He added, "Good trading conditions boosted turnover and profitability, leading to a corresponding uplift in the value of the underlying asset, which encouraged many publicans to continue trading."