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Monday, May 20, 2024

Historic Dublin Venue Seeks Savvy Investors

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Nestled in Dublin’s Temple Bar district, the Wild Duck theatre bar and entertainment venue stands as a beacon of historical grandeur, offering a compelling investment opportunity. With its rich heritage dating back to 1850 and a recent refurbishment, this property seamlessly blends period charm with modern amenities.

Boasting a diverse revenue stream potential from both the hospitality and residential sectors, this venue holds promise for savvy investors seeking a foothold in Dublin’s bustling hospitality landscape. The allure of this iconic property combined with its lucrative prospects make it a standout opportunity worth considering.

Investment Opportunity Highlights

The investment opportunity at the historic Wild Duck theatre bar and entertainment venue in Temple Bar, Dublin, presents a lucrative venture for savvy investors in the hospitality industry. Priced at €8 million and listed by joint agents BDM Property and JLL, this property offers a unique chance to capitalize on Dublin’s bustling tourist hub.

With a total floor area of 14,588 sqft, including a bar, entertainment venue, catering kitchen, and eight apartments generating €216,000 in annual rent, there is significant income potential. The prime location, surrounded by attractions like the Olympia Theatre and Dublin Castle, ensures a steady flow of foot traffic.

This investment caters to those looking to diversify their portfolio and tap into Dublin’s vibrant hospitality market.

Property Features and Historical Significance

A former warehouse of the Bewley family, the Wild Duck theatre bar and entertainment venue in Temple Bar, Dublin, boasts historical significance and unique property features. Dating back to 1850, the building showcases a brown brick exterior, cut granite sills, and exposed timber beams, exuding charm and character with its period details.

Renovated in 2014, the property offers a total floor area of 14,588 sqft spread across mostly four storeys and a basement. The ground floor encompasses 7,768 sqft housing the bar, entertainment venue, and catering kitchen, while the first floor features a lounge/private party area. Additionally, the property includes eight overhead apartments, ranging from 657 sqft to 1,154 sqft, with seven units currently occupied, generating €216,000 in annual rent.

Location Details and Surrounding Attractions

Located in the vibrant Temple Bar district of Dublin, this historic venue, the Wild Duck theatre bar and entertainment venue, offers a prime location surrounded by iconic attractions such as Dublin Castle, Trinity College, and St. Patrick’s Cathedral.

Temple Bar itself is a bustling tourist hotspot with around 3.5 million annual visitors, adding to the area’s vibrancy and footfall. The Wild Duck’s proximity to these renowned landmarks not only enhances its appeal but also ensures a steady stream of potential patrons exploring the nearby sights.

This strategic positioning within such a culturally rich and historically significant neighborhood undoubtedly contributes to the allure and investment potential of this unique property.

Transport and Accessibility Benefits

Enhancing the appeal of the Wild Duck theatre bar and entertainment venue, its convenient access to extensive public transport options makes it a strategic investment opportunity in Dublin’s bustling Temple Bar district.

Situated just minutes away from the Luas Green Line (Trinity) and Luas Red Line (Jervis), as well as Dublin Bus routes along Dame Street, the property offers seamless connectivity for visitors and residents. These transportation links not only ensure ease of access for patrons attending events at the venue but also enhance the overall attractiveness of the location for potential investors.

With such strong public transport infrastructure in place, the Wild Duck stands out as a promising investment opportunity in one of Dublin’s most vibrant and sought-after districts.

Conclusion

In conclusion, the historic Wild Duck theatre bar and entertainment venue in Dublin presents a lucrative investment opportunity with dual revenue streams from hospitality and residential accommodations.

With its prime location in the vibrant Temple Bar district and excellent transportation links, this property promises a solid return on investment for investors in the hospitality and pub trade sectors.

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Owen
Owen
Owen is an excited writer with over 10 years of experience in the newspaper industry. Born and raised in Ireland, Owen developed a passion for writing and journalism at a young age. He pursued this passion by studying journalism in college and quickly landed a job as a reporter at a local newspaper. Over the years, Owen worked his way up the ranks in the newspaper industry, eventually becoming one of the top editors in the company.

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