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Award-winning wine importer and off-licence, Redmonds, available as going concern or with vacant possession
Ranelagh The business – which started as a grocery shop and went on to become an award-winning wine importer – is available for purchase as a going concern, or alternatively with full vacant possession through BDM Property at a guide price of €2.6 million.
Located at 25 Ranelagh Road in Ranelagh, Dublin 6, the subject property comprises a two-storey period redbrick building extending to just over 500sq m along with two outdoor terraces of 17.57sq m and 17.6sq m respectively. The property is laid out as a mixed-use commercial and residential investment. In 2008, it underwent substantial works which saw the facade refurbished alongside the addition of a rear ground-floor extension and two apartments at first-floor level.
Fully let apartment scheme next to Guinness brewery for €8.5m offers buyer 5.25% yieldIt was billed as effortless London luxury. Then tenants found out the rules The ground-floor accommodation extends to 356sq m , with 1,477sq ft of this taken up by retail space. The remaining space is divided up into purpose-built stores, a back office and staff facilities.
Originally a grocer’s shop run by Mary and Jim Redmond, Redmonds of Ranelagh now operates as a wine importer and off-licence run by their sons, Jimmy and Aidan. The first floor of the building comprises two own-door two-bedroom apartments. Apartment one extends to 71.7sq m with a terrace of 17.57sq m, while Apartment two extends to 72.54sq m with a terrace of 17.6sq m.
Cathal Kelly of BDM Property says: “The sale of Redmonds of Ranelagh offers flexibility for both owner-occupiers and investors. The purchase of the retail element as an established going concern provides an incoming purchaser with the opportunity to acquire the existing trading business in this prime location together with the associated goodwill, fixtures and fittings.
“Alternatively, the entire property can be acquired with vacant possession, providing an owner-occupier or investor with the opportunity to operate the ground-floor premises under their own business model or consider alternative uses, subject to planning. All of this comes with the added benefit of two apartments in the heart of Ranelagh.
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Ranelagh Dublin-6 Investment Retail-Investment