The Magic Carpet, Old Bray Road, Cornelscourt, Foxrock, Dublin 18
Lisney (incorporating Morrissey’s) were instructed by private clients as sole agents on the sale of this well-known Licensed Premises in Dublin 18.
The instruction was retirement driven with the family having traded successfully from these premises since 1948 when they acquired the property through Morrissey’s. The property comprised the landmark Magic Carpet licensed premises and car park together with a detached 5-bed residence and a 1 bed apartment all standing on a site of approximately 1.08 hectares enjoying part residential and part neighbourhood centre zoning.
The properties were offered for sale by Tender in one or more lots and the opportunity afforded exceptional residential and mixed-use development potential and drew interest from a wide cross-section of the market. The property was sold in one lot for approximately €9.5m. in July 2020. The sale was handled jointly by Lisney Licensed & Leisure with Development Land.