The much-adored Magic Carpet pub is set to be sold off, with the potential for development of the Cornelscourt site.
The Crowley Family have run the Magic Carpet for almost 70 years, and have decided to retire from the business.
Currently, all businesses on the 2.7 acre site – including the pub, off-licence, and upstairs theatre and art gallery – are trading as usual.
Zoned part-residential and part-neighbourhood centre under the local development plan, the property has potential for redevelopment as a mixeduse, residential or commercial scheme.
The pub is on the market for €12 million through Lisney and Morrissey. The existing site includes two houses on lands to the rear of the pub which have vehicular access from Gort na Móna Drive in Foxrock.
Locals have been hoping that whoever purchases the land will keep the pub, rather than build apartments, with one resident saying: “If they turn my beloved Carpet into apartments, I’m emigrating.”
A feasibility study on the site by architects O’Mahony Pike said that the lot has potential for a possible development of 70 apartments, four detached houses and 10,764sq ft of commercial space, to include a pub of more than 3,229sq ft, and retail units.