Counter bid successful

The historic Woodford bar in Cork city centre, with a licensed and drinks trade link stretching back to 1750, has been bought out of receivership for c €1.25 million.

Counter bid successful

Its now in the hands of long-experienced bar operator Murt Lucey, whose own family links go back at least a generation to famed entertainment entities like Sir Henry’s/Grand Parade Hotel, the Stardust and ballrooms like the Majorca in Crosshaven, and Redbarn.

Set on Paul Street, with access also to Daunt’s Square by the Grand Parade, the Woodford is a sizeable (670 sq m) and impressive five-storey historic warehouse building and conversion, with relatively shallow bar roots of just 30 years or so, when it initially traded as Maguires.

The Woodford at 19/20 Paul Street has a heritage dating to 1750 when its was part of the famous Woodford Bourne & Co wine and spirit stores.

Most recently owned an operated by a consortium Westhatch Ltd, the Woodford was put for sale for receiver Declan Taite Duff & Phelps, with best and final bids sought by joint agents Morrisseys and Cohalan Downing. The latter also sold the former Newport bar complex on Paul Street to Wetherspoons, who are set to open shortly after a long planning wait. Wetherspoons aim to extend into the former Mangans on Careys Lane).

Also close to the Cornmarket shops complex (TK Maxx, Lidl etc) and bars like the Bodega, Cornstore and Rising Sun Brewery, the Woodford had a price guide of €1.25m, and is understood to have fetched about that sum, with widespread interest shown from a spectrum, including internationa. national and local bidder.

Murt Lucey, couldn’t have been closer to the action; he was part of the Woodford’s former management team, with 25 years experience in the trade in Cork.

“We look forward to building on the Woodford’s excellent reputation with a new menu, comprising of the best of locally-sourced fare, craft beers and fine wines, aimed at a discerning pub- going public,” said Mr Lucey yesterday.

“‘We also see ourselves perfectly positioned to be part of the reinvigoration of the city centre, with the new developments taking place around us like the Event Centre and the redevelopment of the Capitol Cinema site,” added Mr Lucey who noted “the traditional pub landscape has changed dramatically over the last decade. Cork has become a very cosmopolitan city, people in general are very well travelled and we look forward to offering the highest of standards without losing sight of where we’re from.

Details: Morriseys 01-6765781 Cohalan Downing 021-4277717

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