Landmark Limerick city pub on market for €500,000

A LANDMARK city centre pub has gone on the market, with an asking price of more than €500,000.

Offers are being invited for Rasher's Pub at Upper Gerald Griffin Street.

It’s understood the present owners are seeking to retire, but there is no closure planned at the bar, which will remain open.

GVM Auctioneers, which is marketing the pub, pointed to its open plan bar and lounge and spacious well-fitted ladies and gentleman’s toilet facilities.

They added it enjoys “an established city centre trading location within Limerick's central business district.”

"Supported by a substantial nearby residential population and an excellent existing trade, this thriving business boasts strong turnover and offers an attractive opportunity to acquire an extensively fitted premises in a locality synonymous with quality city centre pubs,” the auctioneer adds.

“Overall, this is an excellent opportunity to acquire an extensive and established licensed premises with a strong trading identity and an existing customer base. The property will appeal to experienced publicans, hospitality operators and those seeking to develop an established business, while its layout and central location may also offer scope for alternative uses, subject to the necessary planning permission and statutory consents,” GVM added.

The building has been used as a pub since at least 1896 and in its time it was known as Quirke’s after it was acquired by Michael Quirke in the late 1940s.

He ran the outlet up until the 1970s. By 1985, it was trading as Rasher's under the ownership of Michael Kirby, of Ballyclough.

The licence was transferred to Frances and Edward Benson in 1988.

It’s currently owned by Donal Mulcahy – although not the same person who owns either Nancy Blake’s or Tom Collins’.