THE Deerpark Lounge at Parkgate Street, Dublin 7, has been bought for around £1 million by the McCaffreys, who also own The Hole in The Wall bar beside Dublin's Phoenix Park. The private treaty deal, which also includes an adjoining retail unit, was handled by John Ryan of the Gunne agency. The McCafferys plan to redevelop The Deerpark, which is located in a tax designated area close to Hueston railway station.