Grady’s Yard

I was in school with one of the lads who worked there. He said the lease was coming to an end and the owner of the building tried to jack up the rent, the Lambert lads from Wexford who had Grady's Yard just said they weren't even entertaining that kind of behaviour and left.

A real pity because it was a great pub (with amazing food) but nothing seems to last very long in that location and now I think I can see why.

He said it wasn't even a reasonable inflationary rent increase or anything which they would have been ok with, it was a blatant cash grab and the landlord just being a greedy ****

I thinks there's history of this with this particular site. Landlord's loss at the end of the day - building has been sitting vacant for 6 months now and probably will be for a good while longer. A real shame.

The same with Confession Box hairdresser’s on the Dunmore road they closed Christmas 2020 and lockdown this time last year happened ,i heard there was problems with the landlord and they never opened back up the shop has been vacant since ,instead of coming to some sort of comprise the landlord just lets it sit empty, the very same with Gradys Yard id say.

Dont understand these landlords that seem to cut off their noses to spite their faces by failing to hold on to good tenants. Theres obviously more to it than that - maybe they avail of tax breaks for these properties when they are empty etc.

But surely this value is only tied to inflation/the rising costs of property, which is running at a few % a year for commercial? (I appreciate Residential is far outstripping Commercial, but there are plenty of empty Commercial units around the place). The other side of this is that all the time their property is empty they are losing out on rent and secondly surely a property with an active tenant is a more attractive proposition to sell on than one which has been left vacant?

What are they gaining from leaving the unit vacant? The property will grow in value at the same rate whether or not there's a tenant in there (as I mentioned above a property with an active tenant is probably more attractive to a seller as it shows the property is in demand), so what are they gaining from leaving it vacant? I'm sure there must be some reason for it because it happens all over the country, plenty of empty units in Dublin too, but you haven't actually explained how they are gaining from this "government policy" of leaving units vacant.