Tue, 21 Sep 2010 | BUSINESS SALE
A portfolio of properties including an office block on Belfast’s Great Victoria Street is being sold after the owner, Jermon Developments, went into receivership in June.
Osborne King is selling the properties which include Fanum House on Great Victoria Street, traditionally occupied by media businesses, live music venue and pub Filthy McNasty’s, and Killymeal House in South Belfast's Gasworks.
Anglo Irish Bank has hired Tom Keenan of Keenan CF to act as receiver to Jermon Developments.
Established in 1997 by former pharmacist Peter Dolan, the company remains in control of parts of its portfolio.
A planning application was submitted this year to build a 146-bedroom hotel on the Great Victoria Street site. Talks with Accor Hotels have also taken place with a view to developing the hotel under the Novetel and Etap brand names.
It is thought the site has many potential uses, both commercial and residential. Osborne King is selling the sites in two lots. One lot features Fanum House and its car park; the other includes Filthy McNasty’s and a charity shop Cancer Connect.
Fanum House is still home to the Irish Times, which is actually one of the last remaining occupants. The 11-storey building commands a rental income of £64,421, and its 69-space car park draws in £62,750 in rent.
Asking prices for the sites were not revealed.
An established IFA firm in North West London is seeking a partnership with a larger company to enhance its investment management, legal, and wealth services.
Rare occasion to acquire a leading independent financial advisory firm in Cheshire, renowned for its exceptional client service and strong regional presence.
Opportunity to acquire a well-established local IFA firm in the vibrant city of Belfast, providing potential for growth in a dynamic financial services market.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.