Flagship Cobh waterfront property on sale for €5m

A FLAGSHIP bar and restaurant in Cobh with an unrivaled waterfront and panoramic view of arriving cruise ships is for sale with a list price of €5m.

The Quays, recently extended and refurbished, has the unique benefit of a private commercial pontoon and outdoor seating, built over the harbour, following an ambitious extension and renovation project in 2019, which owner Noel Owens said cost the region. €1 meter Involved driving piles into the harbor by builder Anthony Stromsoe.

The property, at 17 Westbourne Place, includes an indoor bar and restaurant, an adjoining canopy seating area with retractable roof and walls, an outdoor seating area and barbecue facilities right over the harbour, as well as a newly renovated kitchen. enlarged, a new nautical style -Block themed toilets and 33m private jetty.

On an upper level, and with a separate entrance from Westbourne Place, additional accommodation houses the cleaning/washing generated by the kitchen/restaurant (connected by a dumbwaiter), as well as an office, storage room, staff bathroom and a barrel room. .

The entire property occupies 0.01 hectares, while the indoor restaurant/bar extends to 108 square meters. In the region of 30 CCTV cameras help security.

Owens, who bought the derelict property for €800,000 18 years ago, said it is a thriving business, serving up to 500 meals a day during this year’s peak summer season, with a July/August turnover of up to 0.5 millions of euros. Due to the Covid closures, 2022 will be its first full year of operations since the makeover.

Indoor bar and restaurant
Indoor bar and restaurant

The facility is perfectly located to capitalize on cruise ship arrivals, as well as visitors arriving in Cobh by commuter rail, as it is only a two-minute walk from the railway station.

As The Quays is the only commercial venue in town to have a private pontoon, it’s also popular with the yachting fraternity who can moor boats if you dine in the restaurant, with free berths overnight. In addition, Cork Harbor Boat Hire uses the pontoon as a starting point for its popular self-driving boats, for which it pays The Quays €6,000 a year.

Cork Boat Hire customers also frequent The Quays. The jetty operates from April to September and is stored at Cork Port outside of those months. The annual license fee, which is paid to the Department of the Navy, is €2,500.

Mr. Owens said The Quays, which can serve around 200 diners, performs very well for corporate events, family celebrations and out of town visitors, as well as local commerce. It has a staff of 30 people, mostly part-time.

He said its harborside location means diners can enjoy all the waterside activity, including cruise ships arriving and yacht racing.

Johanna Murphy of Johanna Murphy and Sons is the sales agent and said that The Quays is an “excellent turnkey operation, superbly connected to the port”.

“Whether you sit inside or outside, you have a view of the cruise ships, with about 120 coming next year,” he said.

“It not only welcomes the passengers and crew, but also the spectators who travel all over the country to see these amazing ships,” he added.

Murphy said having the pontoon was priceless and a “key selling point”, along with The Quays’ proximity to the city center and train station.

Cobb of water.  Image David Creedon
Cobb of water. Image David Creedon

Owens, who trained at the Ritz in London and plans to retire early with his wife Margaret, who helps run the business, said The Quays is busy seven days a week.

“This is a flagship property. You might be surprised who could pick it up,” she said.

He added that business is “booming” in Cobh at the moment, with a big uptick in tourist numbers in the wake of the pandemic easing.

The new Norwegian Prima cruise ship docked at the deepwater pier in Cobh, Co. Cork on August 30.  Image: David Creedon
The new Norwegian Prima cruise ship docked at the deepwater pier in Cobh, Co. Cork on August 30. Image: David Creedon

Cobh is about a 20-minute drive from Cork city and sits on (arguably) the second largest natural harbor in the world.

See www.thequays.ie. More information: contact Johanna Murphy on 0862626026.

Leave a Comment