City-centre pub, retail unit sold in auction

Kilkenny pub An Poc Fada was sold for €370,000 and the premises that formerly housed the John Street Pharmacy sold for €151,000 in a sale of distressed properties on Wednesday.

Kilkenny pub An Poc Fada was sold for €370,000 and the premises that formerly housed the John Street Pharmacy sold for €151,000 in a sale of distressed properties on Wednesday.

The 127-lot auction, held by Allsop Space in Dublin’s Shelbourne Hotel, also included the sale of a vacant apartment in The Crescent, Weir View, Kilkenny for €73,000.

An Poc Fada at 20 Rose Inn Street had a maximum reserve of €345,000 and was described as “a freehold mid-terrace public house in a prominent city-centre location with a publican’s seven-day licence and subject to a tenancy.”

In the sale on behalf of its receiver, bidding for the pub started at €300,000 and rapidly reached its sale price of €370,000.

Six lots later, the ground-floor two-bedroom apartment at 32 The Crescent, Weir View, Castlecomer Road, Kilkenny came under the hammer. With a maximum reserve of €45,000, the vacant apartment saw bidding begin at €35,000 and then slowly inch its way up to €73,000, at which price it was sold to a phone bidder.

Later in the afternoon it was the turn of the vacant property at 47 John Street, Kilkenny, which was once the home of the John Street Pharmacy.

Described as “a freehold mid-terace building arranged to provide a ground-floor retail unit extending to approximately 72.63 square metres together with a self-contained first-floor office accommodation extending to approximately 40 square metres,” the property had a maximum reserve of €100,000.

Following an opening bid of €75,000, the bids inched up in €2,500 increments before reaching the final sale price of €151,000.