Licensed premises make way for property developers

The first six months of 2006 will be remembered for the number of licensed premises that were sold principally for their development potential.

Economic prosperity has brought with it many changes and challenges to the trade over the past ten years, not only to trading patterns within the trade but also to the pub property market.

The sale of the Old Orchard Inn in Rathfarnham in 2005 for more than €22 million signalled ...