Belfast commercial property to be auctioned

An auction of distressed commercial property in Belfast is being planned for September, in a bid to replicate the multi-million euro success of a similar sale held in Dublin earlier this year.

The auction is being organised by commercial property agent Osborne King, who said that is was going to be a 'bold' move, but they said that "the time is right".

The company's managing director, Martin McDowell, sai... Continue Reading

Small businesses to 'fuel British revival'

Small firms are set to fuel the revival of the British business landscape, according to a new report from HSBC Commercial Banking.

The survey predicted that smaller businesses will play a large part in kicking off a resurgence in manufacturing, with goods that are made in Britain enjoying a strong comeback.

Entrepreneurs were also listed as being of huge importance to the improvement of the country’s business sector, ... Continue Reading

Small manufacturers welcome new positive lending trends

Small manufacturing companies in the UK have said they are finding it easier to access bank credit and loans for the first time since the recession, according to manufacturing industry body, EEF.

A survey carried out by EEF showed that the same proportion of small companies reported a rise in credit availability as reported a fall in April and May, marking a significant improvement on the previous two months, when the same survey mea... Continue Reading

Colchester Council offers land up for business opportunities

Colchester Council is mounting a search for entrepreneurial buyers for a plot of land near the A12, as part of its efforts to create jobs and generate income in the borough.

The council is hoping that any buyer of the land, which is listed for employment use, will transform it into a leisure development, perhaps containing a cinema, restaurants or a hotel. The local councillor responsible for resources, Paul Smith, said the land cou... Continue Reading

Tragus to sell off 12 high street restaurants

Twelve high street restaurants have been put up for sale by restaurant company Tragus, after it was decided that they were surplus to the company's business plan.

The twelve restaurants comprise branches under the company's well-known brands including, Strada, Bella Italia, Café Rouge and Ortega. The sale is being handled by property agency Fleurets.

A spokesman for Fleurets said that they had been given the... Continue Reading

Community rallies to find alternative buyer for pub

People in Aldershot are rallying around to try to find a buyer for their local pub, which they fear could be sold to developers and knocked down.

The locals are trying to save the popular Railway Tavern in Grosvenor Road, stating that the loss of the 100-year-old pub would strike a blow at the very heart of the community.

The successful pub is part of the portfolio of taverns being sold off by hospitality giant Admiral ... Continue Reading

The real 'Pooh Corner' is put up for sale

A Sussex shop that claims to boast the world's largest collection of Winnie-the-Pooh memorabilia has been put up for sale by its retiring owners.

Pooh Corner, in Hartfield, is being marketed as having the potential to be a "major tourist destination", and features a gift shop, tea rooms with a garden and a holiday apartment. Owners, Mike and June Ridley, said that in the hands of the right people, the shop could be turned into ... Continue Reading

Empty Newcastle-under-Lyme nightclub finally put up for sale

A flurry of interest has already been expressed in a long-shut night club in the Staffordshire, after it was finally put up for sale by its owners.

Offers are being invited for the three-story premises that used to house Maxims nightclub on Lower Street in Newcastle-Under-Lyme. The building has been the target of town centre transformation efforts by Newcastle Borough Council for a number of years, but it is only now that the proper... Continue Reading

Closed Carlisle pub with potential up for sale

A Carlisle business opportunity - in the form of a boarded-up but structurally sound pub - has been put on the market with a guide price of £100,000.

The Globe Inn, on Caldewgate's Bridge Street, is being marketed with strong potential for being reopened as a welcome addition to the area.

The property has only been standing empty since December last year, and local residents have expresses enthusiasm for someone t... Continue Reading

Cumbrian pub - with railway carriage - up for sale

A Cumbrian pub that offers the unique experience of dining in a decommissioned vintage railway carriage has been put on the market for £750,000.

The Hound Inn in Arlecdon as had the 1954 railway carriage located in its grounds since 2000, where it offers dining and bar services for 30 people, who can enjoy many of the carriage's original features - including ornate wood panelling and gold-coloured curtains.

The c... Continue Reading

Hotel up for sale by receivers

The Pack Horse Hotel in the heart of Bolton town centre has been put onto the market by receivers Begbies Traynor.

The 68-bedroom hotel in Bolton's Nelson Square has had a troubled past, with severe flooding causing it to close for 18 months. The owner, businessman Dr Subhash Jajoo, also struggled to pay the repair bill following the floods, which exceeded £200,000.

The hotel – which was put into the hands of r... Continue Reading

Buy a Blackpool hotel for just £1!

A Blackpool hotel is to be auctioned off next month, with an easily affordable starting price tag of just £1.

The Manor Hotel, which stands on the North Shore's Queen's Promenade, has been put up for sale with no reserve price, as the owners simply just want to get as quick a sale as possible.

The 28-bedroom property currently has a £200,000 turnover, and had previously been put on the market in 2009 for th... Continue Reading

Durham Council prepares for care home sell-off

Durham County Council is poised to sell some of its recently closed old people's homes, as it seeks to raise hundreds of thousands of pounds for the public coffers.

The council closed seven homes across the county last summer, as part of its drive to cut £125 million off its budget over the next four years. It is now looking to sell on the buildings, offering them up as prime sites for renovation or redevelopment.

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Cotswolds hotel latest purchase in Thwaites expansion plan

The business plan of Blackburn-based brewery Daniel Thwaites to establish a 25-pub chain of character inns by 2016 moved one step closer this week, with the purchase of a successful Cirencester establishment.

The Cotswolds town's The Fleece Hotel, was bought by the company's Shire Hotels brand after they determined it to be exactly what they were looking for to become one of their Thwaites Inns of Character.

S... Continue Reading

Distressed portfolio pubs for sale across the UK

The administration-hit Tchenguiz business, R&L Properties, have put 126 pubs from their portfolio up for sale.

The pubs being sold are all located in the north of the UK - 76 in Scotland, 10 in north-west England, 12 in north-east - while the remaining properties in the rest of England and Wales are being retained for the time being. The pubs are said to cover a wide variety of quality locations.

For more information ... Continue Reading