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The Magic Carpet Licensed Premises on 2.66 acres,,

Cornelscourt, Dublin 18, D18 TD00
2.66 Acres
Licensed & Leisure Property

Property Overview

The licensed premises, art gallery and theatre are trading as usual.

The licensed premises and the lands will be offered for sale in one or three lots reflecting potential market interest in acquiring the Licensed Premises in its own right. The property has enormous potential for redevelopment for a residential, commercial or mixed-use scheme (subject to planning permission).

The licensed premises car park comprises 27 owned spaces and adjoins the popular Magic Carpet Retail Neighbourhood Centre with 35 car spaces. The property in sale also includes 2 modern dwellings situated on the lands to the rear and which enjoy independent vehicular access from Gort na Mona Drive in Foxrock.

MAGIC CARPET BUSINESS

The Magic Carpet Public House is sold as a going concern business. Access to the data room containing details of the business, costs, inventories and all other information is available to principals only.

ARCHITECTS FEASIBILITY

The architect’s feasibility demonstrates the potential of the property and shows a development of 70 or more apartments, 4 detached houses, and 1,000 sq. m. of commercial space to include a new public house of over 300 sq. m. ground floor plus new retail units (no planning status).

PLANNING

The property in sale is partly zoned residential and partly zoned neighbourhood centre under the Dun Laoghaire Rathdown County Council Development Plan 2016–2022.

BER

Magic Carpet Licensed Premises: D1.
Woodfield: F.
Woodfield Apartment: B3.

DATA ROOM

Access to a data room, subject to the signing of a non-disclosure agreement (NDA). has been set up to provide the information needed to carry out the normal detailed commercial and legal due diligence required to submit a legally binding tender for the property. Access is also restricted to principals and those parties whose authorisation has been formally approved and to whom passwords have issued (the “Participants”).

TITLE

Freehold. Vacant possession is offered of all save for a small portion shown coloured yellow where the surrender of a lease has been agreed.

The licensed premises, art gallery and theatre are trading as usual. The licensed premises and the lands will be offered for sale in one or three lots reflecting potential market interest in acquiring the Licensed Premises in its own right. The property has enormous potential for redevelopment for a

  • Tender Date: 12 Noon Friday 22nd March 2019
  • For sale in one or three lots
  • Landmark Licensed Premises beside N11, QBC, LUAS (Carrickmines), M50 and all amenities
  • Of interest to developers and publicans seeking a large development opportunity of scale
  • A feasibility study to demonstrate development potential has been prepared by O'Mahony Pike Architects
  • Offers exceptional potential for a large residential and mixed-use scheme (subject to planning permission)
  • 40m frontage to Bray Road plus access from Gort na Mona Drive

Accommodation

Magic Carpet – 2 storey Licensed Premises. Approx. 839 sq.m. Gross Internal Area.

Woodfield – Dormer Bungalow Approx. 248 sq.m. Gross Internal Area.

Woodfield Apartment – Approx. 74 sq.m. Gross Internal Area.

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