27 October 2015

Botanic Inns pubs finally up for grabs


Three of Belfast’s best known pubs have finally gone on the market.

The Botanic Inn on Malone Road, the King’s Head on the Lisburn Road and Botanic Avenue’s Madison’s bar and hotel are now being advertised for sale.

It comes after the Belfast Telegraph revealed the bars, once owned by collapsed bar chain Botanic Inns, were soon to go on the market.

They are part of the latest disposals of the now scattered Botanic Inns empire.

They have now been put on the market by commercial property firm Lambert Smith Hampton.

But the properties have been in the hands of the Republic’s bad bank, Nama.

They were being run by Horatio Group – a firm set up by Stephen Magorrian, the former managing director of Botanic Inns.

The Botanic Inns group went into administration in 2013.

It’s expected Horatio Group will be one of the main firms competing to snap up the pubs.

More than £10m worth of public house sales have happened in the last 12 months, equalling more than two dozen transactions, according to commercial property firm, Osborne King.

That includes Auntie Annie’s in Belfast, the Clarendon Bar in Londonderry and the former Clubland in Cookstown.

View this article and more at the Belfast Telegraph.

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