£675,000 sought for Temple Bar restaurant

PRIVATE investors are likely to be interested in a restaurant investment in Dublin's Temple Bar area which is to be sold by private treaty through Douglas Newman Good. A price of £675,000 is being sought for the restaurant which is located in a new building at Meeting House Square. The 2,500-square-foot unit has been rented at £55,000 per annum by Sherlands Entertainments, which also operates The Globe Bar and nightclub on Lower George's Street, the Odessa restaurant on Dame Court and the Front Lounge on Parliament Street. Robert McCarthy of the agents says the purchaser will be able to avail of 47 per cent capital allowances, of which 54 per cent can be claimed in the first year.