WILL one of Cork city’s longest established suburban bars have a rendezvous tryst with development fates?
Newly up for sale this month with a €1.25 million price tag is the Rendezvous Bar, on the Model Farm Road close to the back entrance to the CUH/MUH medical campus, as well as being within walking distance of the CIT and UCC college campuses, all in a well-populated and affluent western suburb.
In second generation family management, it ceased trading unexpectedly in January, with the loss of 30 jobs.
As it comes for sale now with James O’Donovan and Peter O’Meara of Savills Cork, interest is expected both from professional publicans and from developers who’ll run a rule over redevelopment for house/apartments or medical consulting rooms on the 0.4 acre site of the 6,750 sq ft bar and grill premises.
Savills say the Model Farm Road “has long been regarded as one of Cork’s finest addresses, and The Rendezvous Bar & Grill is well located at the city end,” on a junction with Farranlea Road.
Planning has recently been granted for student apartments at Farranlea Road, and individual, up-market houses are in the sales preparation wing at anticipated prices up to and over €1m each.
The sale of a private house on Orchard Road, ‘San Paula’ (rebuilt in the 1990s by jeweller Catherine Neville), has just appeared on the Price Register at €1.9m, with planning sought by Denis O’Brien Developments (ex O’Brien & O’Flynn, now in second generation O’Brien involvement) for demolition and replacement with nine 2,500 sq ft homes.
Zoning at Model Farm Road’s Rendezvous property meanwhile is ‘Residential, Local Services and Institutional Uses,’ which say Savills permits for a number of potential uses to include residential development, small scale retail or local services as well as medical services.
In top order it comprises a two storey over basement, fully fitted bar and restaurant with ground floor having a purpose-built bar with two lounge areas, first floor kitchens and basement storage. And there’s parking for up to 30 cars.
Meanwhile, signs of confidence returing and reinvestment in well-located Cork pubs is coming from the likes of businessman and ‘Pet Stop’ stores founder Tony Cross, who bought and renovated the Turners Cross Tavern last year, to a high standard.
Mr Cross has acquired the former Manhattan Bar in suburban Ballyphehane, and has also since bought the Anglers Rest Bar and riverside beer garden grounds at Carrigrohane. He bought The Anglers Rest via estate agent Darragh Taffee of Keane Mahony Smith for a sum understood to be between €650,000 and €700,000. Closeby, businessman Pat Burton is adding a second bar to his premises on the mixed used development at the former Tennis Village, on the Model Farm Road. And, across the city, estate agent Kevin O’Sullivan of Barry Auctioneers sold the 5,000 sq ft Briar Rose bar and restaurant on the Douglas Road as an investment for €920,000, earning a rent of €60,000 pa.
On the anticipated €1.25m Rendezvous sale, James O’Donovan of Savills says: “We anticipate a strong level of interest in the property from a number of buyer types in the market.
“It’s in turnkey condition and has traded well in the past which will appeal to the publican market but it is also well located in one of Cork’s most desirable residential addresses. Given its proximity to UCC, Cork University Hospital and the city centre we wouldn’t be surprised if there was a number of enquiries from Cork developers.”
Details: Savills, 021-4271371
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