Ex-Quinn pubs near Croke Park put up for sale by liquidators
Two Dublin pubs once owned by former Fermanagh billionaire Sean Quinn have been brought to the market by the liquidators of the Irish Bank Resolution Corporation (IBRC), formerly Anglo Irish Bank, which is hoping to retrieve about €2m (£1.7m) from the sales.
The Cat & Cage and Quinns, both of which are located close to Croke Park, are popular destinations for concert goers and GAA fans, who regularly flock to the area during the football and hurling championship seasons.
Property agents CBRE are quoting €900,000 (£775,000) for the Cat & Cage, and €1m (£861,000) for Quinns, both of which are in Drumcondra, in the north of the city.
The pubs are operated by Avid Asset Management on behalf of IBRC liquidators Kieran Wallace and Eamonn Richardson, of KPMG, and proceeds from the sales are expected to go to the Republic's government.
Although Quinns is a terraced property, John Ryan of CBRE says it has development potential arising from its 0.3 acre site as well as its zoning. It occupies a site area of 1,096 sq m and has dual residential and commercial zoning.
Mr Ryan said the property is known by thousands of loyal and passionate GAA fans who flock to the area on the big match days.
"The sale of Quinns offers not only significant business potential but also offers significant alternative use potential due to its site area and dual residential and commercial zoning," he said.
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Nearby at 74/76 Upper Drumcondra Road, Dublin 9, The Cat & Cage is more of a landmark premises as it is prominent on an elevated corner site.
A two-storey premises, its ground floor extends to 217 sq m and accommodates a public bar, lounge bar and stores.
Its first floor extends to 148 sq m and accommodates a function room and catering kitchen, with dumb waiter to the ground floor.
Known as a gastro pub, the property was extensively refurbished in 2016 and is now presented in 'turn-key' condition.
It is situated opposite St Patrick's teacher training college, part of Dublin City University, and a number of guest houses are also located in this area.
Mr Ryan said the Cat & Cage generates a satisfactory level of food and drink turnover.
Other venues in Sean Quinn's former hospitality chain include Slieve Russell Hotel in Co Cavan, Buswells Hotel on Molesworth St, Dublin, close to the Kildare St entrance to Dail Eireann, as well as the Barge pub on Ranelagh Bridge and JW Sweetmans, formerly Messers Maguire, near O'Connell Bridge in Dublin 2.