Groves Pub in Blackpool, Cork, on market with price tag of €525,000

One of the largest, and best trading pubs on Cork city’s Northside, the 9,000 sq ft Groves in Blackpool, has been put to market by a receiver for €525,000, via agents Behan Irwin Gosling.

Groves Pub in Blackpool, Cork, on market with price tag of €525,000

There’s a completely unexpected amount of space, done to a high quality, inside the bar at the foot of Dublin Hill and opposite the Ulster Bank.

It’s also close to the Dunnes Stores’ anchored Blackpool Shopping Centre - which sold as an investment to Varde Partners during the summer, as part of the Project Acorn portfolio offer of three centres in Cork, Tipperary and Dublin. That Acorn Portfolio shops’ trio, with a rent roll of €13.8 million, made 30% over their €130m guide, fetching €171m in a good, early test of appetite for Irish retail portfolios.

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