Landmark Longs sells for €0.9m
Longs landmark pub in Donnybrook, South Dublin, has been bought in trust for a group of investors by a Cork-based solicitor for nearly €900,000.
3 October 2013
The pub, owned by the Stapleton family from Tipperary for many years, had been on the market since last Christmas.
Ideally located on Donnybrook’s main thoroughfare, it lies in close proximity to Donnybrook Rugby Club and is within walking distance of the Lansdowne Road stadium.
The gable end sports a conspicuous advertising hoarding space.
Longs was extended about 10 years ago and refurbished to a minimalist style with hardwood timbers and flooring, wood panelling and stained-glass windows.
Arrangements have been made to retain the premises as a pub. A tenant has already been lined up to continue running the pub as a going concern. The upstairs is to be converted into office space.
The sale of an actively trading pub not in Receivership counts as one among the very few this year. Most have been purchased out of Receivership such as Russels in Ranelagh and The Thomas Read on Dame Street.
The sales agent was John Younge who also recently sold The Village Inn in Clonee, County Meath.
The terms of this deal were not disclosed but it’s understood that the pub went for around €400,000.
The premises had been leased but that arrangement has now been terminated and the pub – comprising two beer gardens/smoking patios and a 40-vehicle car park on Clonee’s main street – was sold with full vacant possession.
Set on nearly half-an-acre, the premises backs onto the River Tolka.