Wed, 25 May 2011 | COMMERCIAL PROPERTY
A deal is still being sought to sell on and develop York’s long-empty Bonding Warehouse according to the owner, property developer, William Legard.
It is understood that at least one national hotel and leisure chain has expressed interest in buying the development opportunity. Mr Legard said, however, that any sale would be subject to planning permission, and that no application has yet to be submitted to the City of York Council.
The Grade II-listed building had previously been home to a bar and entertainment venue, but it was flooded when the River Ouse broke its banks in 2000, and has lain empty ever since.
Mr Legard purchased the old warehouse in 2007, for more than £1 million, and at the time expressed his intentions to have it refurbished and redeveloped within two years. He expressed pessimism just last year about the prospects of completing it and selling it on within five years, but shortly after he made those comments, interest in it picked up again.
The property will be sold with protective measures in place to defend it against catastrophic floods – even if the river reaches the same devastating levels that it did in 2000. The interior has essentially had a ‘concrete boat’ constructed around it, which will allow the basement to strategically flood while protecting the rest of the structure.
Offering for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public.
The company provides a comprehensive range of multimedia solutions for the wire, cable, tube, pipe and fasteners industries comprising print magazines, digital magazines, websites, digital platforms and social media benefitting from digital advertisi...
An established Irish based engineering business, providing supply, fabrication and erection structural steel solutions to customers across the island of Ireland and Great Britain.
28
|
Mar
|
NI pharmacy group acquires third site | BUSINESS SALE
A family-run community pharmacy group has expanded with the ...
28
|
Mar
|
Vehicle upcycling group falls into administration | ADMINISTRATION
Lunaz Group Limited, a vehicle electrification and upcycling...
28
|
Mar
|
Food service business acquired at more than 10x profits | BUSINESS SALE
Total Foodservice, a wholesale catering supplies business, h...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.