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crystal / shorts sold

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    #2
    ziedth
    Registered Users Posts: 9,081 ✭✭✭ziedth


    Seems allot to me given the climate. Unless someone has big plans first it. In my opinion I don't think anything will ever work out there without a massive investment. I think on some level those of a certain age will just see it as preachers.


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    #3
    abouttobebanned
    Closed Accounts Posts: 6,943 ✭✭✭abouttobebanned


    And those people don't go out anymore.


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    #4
    ziedth
    Registered Users Posts: 9,081 ✭✭✭ziedth


    abouttobebanned wrote: »
    And those people don't go out anymore.

    You have a very good point. A large part of me now on a saturday night would to just stay in the Tap till they kick you out at 1ish grab a Burger and go home. Maybe I'll feel differently when muldoons reopens but till something different cones in I'd take or leave late bars.


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    #5
    abouttobebanned
    Closed Accounts Posts: 6,943 ✭✭✭abouttobebanned


    I'm surprised that a large part of you now is not covered in baby vomit!


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    #6
    Adyx
    Registered Users Posts: 2,997 ✭✭✭Adyx


    I thought it was for sale with tenant not affected?


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    #7
    Nypd
    Registered Users Posts: 781 ✭✭✭Nypd


    ziedth wrote: »
    Seems allot to me given the climate. Unless someone has big plans first it. In my opinion I don't think anything will ever work out there without a massive investment. I think on some level those of a certain age will just see it as preachers.

    Dude your take on the nightlife in Waterford is badly out dated.
    I'd hit Shortts regularly always has a decent crowd there.
    It has a Ruby's lounge feel to it (and I mean by the music, not the wondering was it actually safe to have this many people in a small room feel)
    I'm not too surprised at the price it went, it's sitting on a prime site and the place is massive in fairness.
    Any news on who bought it ?


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    #8
    sandin
    Closed Accounts Posts: 1,594 ✭✭✭sandin


    ziedth wrote: »
    Seems allot to me given the climate. Unless someone has big plans first it. In my opinion I don't think anything will ever work out there without a massive investment. I think on some level those of a certain age will just see it as preachers.

    It was sold with tenancy and lease alreay agreed since May 2011.

    Rent is 70,000 rising to 90,000 - a return for the buyer of about 16% p.a.

    Considering that property is probably at the bottom and bank interest rates are max 3%, someone got a bargain.


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    #9
    south
    Registered Users Posts: 1,637 ✭✭✭south


    maybe... if it stays open.


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    #10
    ziedth
    Registered Users Posts: 9,081 ✭✭✭ziedth


    Nypd wrote: »
    Dude your take on the nightlife in Waterford is badly out dated.
    I'd hit Shortts regularly always has a decent crowd there.
    It has a Ruby's lounge feel to it (and I mean by the music, not the wondering was it actually safe to have this many people in a small room feel)
    I'm not too surprised at the price it went, it's sitting on a prime site and the place is massive in fairness.
    Any news on who bought it ?

    I will confess it's been a few months since I was in there but I have never seen upstairs busy I was talking about there rather then shorts wherei have always had a good laugh. I'm delighted to hear shorts will keep going.
    sandin wrote: »
    It was sold with tenancy and lease alreay agreed since May 2011.

    Rent is 70,000 rising to 90,000 - a return for the buyer of about 16% p.a.

    Considering that property is probably at the bottom and bank interest rates are max 3%, someone got a bargain.

    So after the lease is up in 4 odd years they will have made their money back and they can do whatever they want with the venue? That's not a bad business model at all.


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