Quarter of 2006 pub sales to be redeveloped
Published February 26th, 2007
Barkeeper.ie - The licensed premises property market has realigned over the past five years, according to Morrisseys Auctioneers in its annual report. Licensed premises which were located within major and/or growing population centres enjoyed a bright future and those that did not faced challenging times.
Interest from developers in pubs with development potential resulted in 25 per cent of the total market being sold for redevelopment opportunities which contributed significantly to the considerable increase in the average sale price of a licensed premises together with a substantial increase in the capital value of the market when compared to previous years.
