While Covid-19 has been described at times as presenting an existential crisis for the wider licensed trade, demand for prime Dublin pub assets located in densely-populated areas remains strong.
Just three months on from the blockbuster €15 million sale of the city’s oldest pub – the Brazen Head – to London-based Attestor Capital and entrepreneurs Ray Byrne and Eoin Doyle, the famous Slattery’s pub in Rathmines has changed hands in an off-market transaction brokered by John Ryan of commercial real estate advisors, Bagnall Doyle MacMahon.
The pub was sold by Roddy Slattery whose family have traded from the premises for two generations, and has been acquired by Tim and Wendy O’Connor who also own O’Connor’s pub and guest house on Mount Street, Dublin 2.
While Mr Ryan declined to comment on the price paid by the O’Connors, it is understood the property sold for close to €3 million following competitive bidding involving several parties.
Located in the heart of Rathmines, Slattery’s is widely acknowledged as one of Dublin’s foremost traditional pubs with its traditional exterior, mahogany interior and its snugs. The property has remained unchanged for decades.
The landmark Dublin 6 premises comprises a two-storey over-basement building of 343sq m (3,690sq ft) consisting of a ground-floor bar with a mahogany interior and snug areas. The first floor there has another traditional-style bar which has over the years played host to traditional and other music sessions.
John Ryan of Bagnall Doyle MacMahon said the off-market sale of Slattery’s reflected what he described as “the current strong demand for prime Dublin pub assets located in densely-populated and busy areas of the city”.
