Strrong prices were achieved by some of the 12 Dublin pubs which were sold in 2020 thanks partly to the development potential of the properties and the deep pockets of some of the purchasers– including mixed martial arts fighter Conor McGregor– according to agents Bagnall MacMahon Doyle.
John Ryan of Bagnall Doyle MacMahon said that while the number of 2020 pub deals was fewer than the 18 in 2019, the average price increased from €3.25m to €3.8m.
The most valuable of them was The Storehouse, Temple Bar which Punch Taverns, backed by Alan McIntosh of Emerald, bought for a near record price of almost €16m.
Dunnes Stores bought the Magic Carpet pub and development site in Cornelscourt, Dublin 18, for a price believed to be about€9m.
Pat Crean’s Marlet, is understood to have paid about €8m for Ruin Bar on Tara Street next to the Apollo House site where he is developing a major office scheme.
A developer also bought Scruffy Murphy’s just off Mount Street, Dublin 2 for an undisclosed price.
MMA fighter Conor McGregor was reported to have paid around €2m for The Black Forge Inn, in Drimnagh, Dublin 12.
Mr Ryan says a number of others went sale agreed before the end of the year including The Queen’s in Dalkey.