One of the finest Georgian houses on Dublin’s St Stephen’s Green, occupied by the fine dining restaurant Shanahan’s on the Green, is to be sold on behalf of a receiver for mor
e than its €4.5 million guide price.
The famous steak house at No 19 has been trading as 'Shanahan’s' since 2000 and was previously known as 'Whites on the Green', when it was also run as a restaurant by property owner Peter White.
The restaurant trading company operated by John Shanahan pays a rent of €240,000, which is due to rise to €290,000 in 2019.
The lease has another seven years to run. Mr Shanahan was residing in Boston when he set up the exclusive 80-seater Dublin restaurant. He is now based in California and visits Dublin regularly.
Colm Luddy of agent CBRE, who is selling the building on the instructions of Ken Tyrrell of PwC, said it would be premature to disclose the selling price, though he could say it was “significantly more than the guide”.