Increase in Cork pub and club sales as Redz joins the market

While word is still awaited on who makes up the consortium in the final stages of the €2 million purchase of the 12,000 sq ft Treacy’s bar and restaurant in Cork’s Ballincollig for receivers Grant Thornton, its selling agent brings two more Cork bars to the open market.

Larger of the latest duo set to change hands for receivers Michael Cotter of EY is the former nightclub Redz, on Liberty Street, which closed some years ago.

Now needing refurbishment and considerable extra investment and with a 20-plus years history as a large entertainment venue just off Washington Street, it was last operated by the Rebel Bar Group and is launched now with a price tag of €775,000/€800,000 by estate agent Cearbhall Behan of Behan Irwin Gosling.