Wed, 18 Jan 2012 | COMMERCIAL PROPERTY
A Sainsbury’s supermarket building has gone on sale in Northern Ireland.
The commercial property on Strand Road, Londonderry is being sold by McGinnis Group, now known as Monnaboy Ltd. It’s thought to be going for almost £20 million.
Commercial property agent Lisney is quoted by the Belfast Telegraph as saying it expects there to be “significant interest” in the property. According to reports, the building rents at around £1.1 million annually.
An investment manager for the commercial property agent told the newspaper that food stores are currently faring the best on the Ulster property market. He added that there is still healthy competition between retailers fuelling this.
Offers above £19.4 million are being considered for the building and it comes with 0.65 acres of development land.
In December 2011, the McGinnis Group confirmed that its bank loans had been taken over by the National Assets Management Agency (Nama). According to the BBC, the McGinnis accounts showed the firm reported a loss of £25 million in 2010, which came on top of a £35 million loss in 2009. The firm's liabilities now exceed its assets by £58 million as a result, said a BBC report.
The Belfast Telegraph quotes a spokesperson for the McGinnis Group as saying the bank loans being taken over by Nama would have “no impact on the day-to-day running of the business".
This business offers comprehensive surveying services, including valuations and surveys of both residential and commercial properties, and boasts long-standing relationships with key clients, some lasting over a decade. With a relocatable office setu...
The successful manufacturer of hand-crafted furniture is well established with a large client base. Business commenced trading in 2019, making quality shelves and tables, and developed an excel-lent reputation for high quality furniture.
‘Project Matcha’ presents a unique opportunity to acquire a growing, ethically focused coffee shop business located in one of the UK’s most sought-after regions.
LEASEHOLD
17
|
Jul
|
Retail group acquires £13.7m-turnover skincare brand in pre-pack deal | BUSINESS SALE
A skincare products company with revenues of close to £...
17
|
Jul
|
Compressed air services provider acquired by global industrial manufacturer | BUSINESS SALE
United Air Power, a provider of compressed air services head...
17
|
Jul
|
Administrator seeks buyer for artisan spirits brand | ADMINISTRATION
An administrator is seeking a buyer for an artisan spirits b...
17
|
Sep
|
Buyer or tenant sought for 350k sq ft Argos distribution centre | COMMERCIAL PROPERTY
A tenant or buyer is being sought for a 350,000 sq ft Argos ...
03
|
Feb
|
J Sainsbury's succeeds in buying Argos' owner | BUSINESS SALE
J Sainsbury's can celebrate now that it has secured Arg...
02
|
Feb
|
Sainsbury's puts forward £1.3bn offer for Argos owner | BUSINESS SALE
Sainsbury's has been circling the Home Retail Group, ow...
Business Sale Report is the complete resource for finding genuine 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.