Landmark Dublin pub, previously slated for apartments, seeks €3m

The well-known Foxhunter pub in Lucan, Co. Dublin, has returned to the market with a reduced guide price of €3 million, after failing to attract a buyer at €5.25 million in 2024. The sale is being managed by joint agents Colliers and John P Younge on behalf of receivers Interpath Advisory. Interpath was appointed by non-bank lender Real Estate Loan Management (Relm) to recover €50 million in debts from 14 property companies linked to Paddy McKillen jnr.

While the €3 million asking price matches the amount McKillen jnr's Oakmount paid for the pub and its 1.06-acre site in 2019, the property was dormant at the time of that acquisition. Currently, the Foxhunter presents an opportunity for buyers to acquire a prime, income-generating hospitality asset with a stable tenant. Rocket Fusion Ltd, formerly part of the Press Up group and now under Eclective following a debt-for-equity takeover by Cheyne Capital, holds a 25-year lease from September 2019. This lease secures an annual income of €275,000, with rent reviews every five years.

The adjoining site also holds potential for developers, considering its zoning and planning possibilities. McKillen jnr had previously proposed a 161-unit Build-to-Rent apartment scheme on this land, but An Bord Pleanála rejected the plan in 2022. The Foxhunter itself is a substantial licensed premises of 1,511 sq m, featuring two restaurants, Elephant & Castle and Wowburger, a private function room with a bar and terrace for 60 guests, and two self-contained two-bedroom apartments on the first floor. Its location on the N4 (Lucan Road) near Lucan village, within a densely populated and expanding area, is advantageous, with proximity to major employment hubs like Liffey Valley, Park West, Grange Castle, and Intel, supporting strong trade.