What is probably a record price for a Limerick city bar - around £2.75 million - has been paid for Patrick Punch's after it was withdrawn at a John Younge auction at £2.6 million. The business had a turnover last year, excluding VAT, of almost £1.5 million, and was bought by Mr Brendan Dunne, owner of The Two Mile Inn, at Ennis Road, Limerick.