By Tommy Barker
One of Cork city’s longest established suburban bars, the Rendezvous, has changed hands, for close to €1.5 million.
Making over its initial asking price of €1.25m, the bar and food facility in the western suburbs, near CUH, CIT and UCC, was expected to face contrasting bidding from developers and publicans, with its future use in the balance. In the heel of the hunt, it is to continue as a bar, also doing food.
The new owner is identified as Joe O’Sullivan, with previous pub/club experience, and it is understood that he bought after seeing off bids from three or four other parties, before going to ‘best bids’ with agent James O’Donovan of Savills, Cork.
The Rendezvous last changed hands back in 1999, when bought by the O’Donovan family who’d owned the Darby Arms and the Westpark Hotel in Ballincollig. It was being run by a second generation of the family when it shut, unexpectedly just two weeks after last Christmas, with the loss of 30 jobs.
On a 0.4 acre site, well-kept and stretching over 6,750 sq ft, the two-storey premises is on the Model Farm Road, “long regarded as one of Cork’s finest addresses, and well located at the city end on the junction with Farranlea Road,” noted Savills when putting it for sale. A number of new housing developments are in train, and in the pipeline, further out the Model Farm Road, between Dennehys Cross and the Poulavone Roundabout at Ballincollig.
The proximity of UCC and CIT, and burgeoning student accommodation demand, raised prospects of demolition and redevelopment of the primely-set property, with medical facilities also touted as a possibility given the ease of access to the ever-expanding CUH campus via Highfield, but now it’s reopening as a bar once more under its new ownership.
It’s one of the strongest bar sales in the greater Cork area in some time. Last year, an equivalent, the Briar Rose in Douglas, sold for a sub-€1m sum via Barry Auctioneers, and a year before, the purpose-built Traceys in Ballincollig sold to a consortium, for over €2m, via Behan Irwin Gosling (BIG).
Meanwhile, due now for sale by public auction is the former Clancy’s Bar, in Cork city centre, spanning 12,000 sq ft and stretching between Marlboro Street and Princes Street. Long-time owner Colin Ross recently secured planning for conversion to a 27-bedroom niche aparthotel with facilities.
Set for sale by auction November 29, via Behan Irwin Gosling, and with a 200-year hospitality tradition, Clancy’s has a €2.25m guide. Ironically, it was previously owned by the O’Sullivan family, and the entrepreneurial Dan O’Sullivan sold Clancy’s in the late 1990s to develop the Maryborough House Hotel, near Douglas. Coincidentally, the O’Sullivans also owned the western suburban Rendezvous for a period.
In Dublin, the former Foxhunter pub site, of over three acres by the N4 between Palmerstown and Lucan, has come for sale, guiding €3m, via Savills Dublin. It sold at market peak in 2007 for €17m to a consortium, and the bar closed in 2012. The site later sold via a receiver in 2014 to the Avoca group who’d planned an outlet there.
But Avoca’s plans were dropped by 2015.
It has speculative potential in the longer term, and had previous planning for housing. Savills say it will suit retailing/forecourt/food and beverage, motor sales etc.
Details: Savills, 021-4271371, BIG 021-4270007