The Overdraught bar is ‘paid’ and will soon re-open with a steakhouse menu

The Overdraught has been cleared — or, at least, the bar/restaurant of that name is set to return to business.

The famed south county Cork eating house, which has old Munster and Leinster mahogany bank counters, has been bought by a couple returning from the US.

Despite its bank links, and steakhouse reputation going back to the 1970s, the premises ceased trading in 2013, and was put up for sale by receiver Michael Cotter, of Ernst & Young, via estate agent Dennis Guerin, of Frank V Murphy & Co, who says “the place was an institution. Half of Cork has a story about going there.”

It was bought for approximately €165,000 by a couple with local roots, who’ve returned to Cork after a decade and a half in the food-and-drink business in the US, and is expected to re-open in several months, going back to what made it famous — top steaks — when it was owned by Bob and Maura Carpenter.

The Overdraught is in a rustic setting, near Minane Bridge and Tracton, four miles from Carrigaline and 20 minutes from Cork City.

It’s on a half-acre and has 2,500 sq ft at ground level, plus 1,700 sq ft of living accommodation overhead.

Meanwhile, also sold by Mr Guerin, for c€155,000, was the Bridge House, on High Street/Douglas Road. The former bar is likely to be redeveloped for other uses.

* Details: Frank V Murphy & Co, 021-4274204