The 108, 108 Rathgar Road, Rathgar, Dublin 6
Lisney (incorporating Morrissey’s) were instructed by private clients as sole agents on the sale of Licensed Premises.
The property comprised the well known 108 licensed premises, currently, tenant operated with the lease expiring November 2024 and complemented by 4 apartments to upper floor levels each let on standard 12 month agreements. The combined rent roll was €147,744 per annum exclusive. The property represented an excellent mixed use investment opportunity and ultimately drew strong interest from both publicans and investors alike when launched for sale in September 2020.
The price guide upon offering for sale was excess €2.2m and the property was sold in January 2021 for in excess of the guide price. The sale was handled jointly by Lisney Licensed & Leisure and Investments.