Ryan buys Ormond Quay premises

Yamamori also operates a Japanese-style restaurant on South Great George’s Street

Businessman Derek Ryan, who operates the successful Yamamori restaurant business in Dublin, has bought the Ormond Quay premises occupied by his firm.

He outbid a number of competitors when paying €3.3 million for the two interconnecting Georgian buildings at 38-39 Ormond Quay which overlook the river Liffey beside the Ha’penny Bridge.

It has a particularly spacious restaurant on the ground floor including an open kitchen, bar, private dining room and a courtyard with rear access from Great Strand Street.

Ancillary accommodation including toilets and stores are located in the basement.

Overhead there are eight apartments producing an annual rent of €108,000. The restaurant was sublet to Yamamori some years ago by the Milano group at an annual rent of €150,000.

Yamamori also operates a sister Japanese-style restaurant in South Great George’s Street and a second restaurant on the opposite side of the street which was originally run by Bewleys.

Agent BNP Paribas Real Estate handled the sale.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times