The property that houses The 108 pub in the Dublin suburb of Rathgar has hit the market via estate agency Lisney's licensed and leisure division, Morrissey's.
Property Details
The agency's website states, "The ground floor and basement licensed premises is leased to Pizza Eile Limited (t/a The 108) on a 10 year lease from November 2014 (approx. four years unexpired) at a passing rent of €75,000 per annum.
"The tenant company operates under the Galway Bay Brewing Brand, which has been operational for in excess 10 years and operates 11 premises in Dublin, Belfast and Galway.
"The four apartments on the upper floors are leased on standard one-year leases at rents of €1,500 to €1,562 per calendar month. Annual rental income from the apartments is €72,744.
"Total rental income for the entire equates to €147,744 per annum.
"Tenants not affected."
The 108 Features
The 108 pub operates on the three-storey-over-basement property's ground floor and includes an open plan seating area, a bar and a kitchen.
© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
