The Halfway House sells for over €1.5m
By Maurice Garvey
THE Halfway House in Walkinstown has sold for above its €1.5 million asking price.
The property was sold on the instructions of joint receivers Stephen Grant and Paul McCann of Grant Thornton.
Terms of the sale were not revealed, but it is believed to have been well above the €1.5 million asking price.
The Halfway House is described as a “landmark licensed premises occupying a pivotal trading location at the intersection of Walkinstown Road, Long Mile Road and Drimnagh Road”.
The property is situated in a densely populated residential area and is also close to a host of commercial business parks located in and around the Naas Road area.
The “well- appointed” two- storey licensed premises enjoyed a sub-stantial food and drink turnover, and, according to selling agent John Ryan of CBRE, it generated significant interest from established publicans.
The property was acquired by publican Eamonn O’Malley who also owns Fagans in Drumcondra, The Autobahn in Glasnevin and The Yacht in Clontarf.
Mr O’Malley has been active in the market in recent months, along with other publicans who are looking to take advantage of an industry that is tentatively recovering from the bottom of the market.
The Halfway House has been extensively upgraded over the years, providing a bar, lounge and catering facilities.
