Selling a Large Property?
Discussion
Right lads, need to get some help/thoughts/advice here.
The 'rents are effectively retiring, selling up and moving south. Not the best time to be selling I appreciate but they accept the value of what they are selling is going to take a serious hit but they still want out. The issue at the moment though is where and how to sell it.
The property is a large place in Northern Ireland, it's part of a big old mill owners home, part large family home (4 reception rooms, 4 bedrooms, massive kitchen, 3 bathrooms, massive garden, 4 garage spaces etc etc) and part very sucessful 4 bedroom B&B and 40 seater resturant and bar. They could sell the whole lot as a going concern or they could convert the resturant B&B back to a second house (seperate access) but who knows.
But where the bloody hell do you sell a place like that? Not really the kind of thing you stick on Rightmove! English specialist auctions? Belfast papers? Specialist commercial estate agents? Specialist mags?
Do I call Kirty and Phil?
The 'rents are effectively retiring, selling up and moving south. Not the best time to be selling I appreciate but they accept the value of what they are selling is going to take a serious hit but they still want out. The issue at the moment though is where and how to sell it.
The property is a large place in Northern Ireland, it's part of a big old mill owners home, part large family home (4 reception rooms, 4 bedrooms, massive kitchen, 3 bathrooms, massive garden, 4 garage spaces etc etc) and part very sucessful 4 bedroom B&B and 40 seater resturant and bar. They could sell the whole lot as a going concern or they could convert the resturant B&B back to a second house (seperate access) but who knows.
But where the bloody hell do you sell a place like that? Not really the kind of thing you stick on Rightmove! English specialist auctions? Belfast papers? Specialist commercial estate agents? Specialist mags?
Do I call Kirty and Phil?
Speak to these guys
http://www.knightfrank.co.uk/
Irish Site:
http://www.knightfrank.ie/
http://www.knightfrank.co.uk/
Irish Site:
http://www.knightfrank.ie/
Edited by B17NNS on Saturday 7th February 17:30
B17NNS said:
You could speak to them, or you could speak to www.savills.co.uk who sell many more properties of that caliber.MiniMan64 said:
Right lads, need to get some help/thoughts/advice here.
The 'rents are effectively retiring, selling up and moving south. Not the best time to be selling I appreciate but they accept the value of what they are selling is going to take a serious hit but they still want out. The issue at the moment though is where and how to sell it.
The property is a large place in Northern Ireland, it's part of a big old mill owners home, part large family home (4 reception rooms, 4 bedrooms, massive kitchen, 3 bathrooms, massive garden, 4 garage spaces etc etc) and part very sucessful 4 bedroom B&B and 40 seater resturant and bar. They could sell the whole lot as a going concern or they could convert the resturant B&B back to a second house (seperate access) but who knows.
But where the bloody hell do you sell a place like that? Not really the kind of thing you stick on Rightmove! English specialist auctions? Belfast papers? Specialist commercial estate agents? Specialist mags?
Do I call Kirty and Phil?
I'm in NI and a year ago sold a large public house. Most of these types of places where being bought up for developement(and we know where that is now). Selling it on as a going concern will in this current climate yeild very little as well.The 'rents are effectively retiring, selling up and moving south. Not the best time to be selling I appreciate but they accept the value of what they are selling is going to take a serious hit but they still want out. The issue at the moment though is where and how to sell it.
The property is a large place in Northern Ireland, it's part of a big old mill owners home, part large family home (4 reception rooms, 4 bedrooms, massive kitchen, 3 bathrooms, massive garden, 4 garage spaces etc etc) and part very sucessful 4 bedroom B&B and 40 seater resturant and bar. They could sell the whole lot as a going concern or they could convert the resturant B&B back to a second house (seperate access) but who knows.
But where the bloody hell do you sell a place like that? Not really the kind of thing you stick on Rightmove! English specialist auctions? Belfast papers? Specialist commercial estate agents? Specialist mags?
Do I call Kirty and Phil?
Best bet is to put the word out first. Maybe there is someone you know who would be interested. Speak to reps and suppliers as they might know someone in the trade wanting to expand.
My cousin works in commercial property and says its dead right now with no movement at all. Sounds a nice place though. Have you thought about renting it out? A lease can bring a good return. Is it licensend? If it's a full bar license then that is worth a few quid on its own.
I'd love to more about the property and where it is. PM me if you like. Also there are plenty of commercial estate agents out there who would market it for you. It would need to be dressed up as a commercial opportunity/development with potential.
Just look on propertynews and have a look at the commercial sector and take note of the agents.
There is a few tax problems to look at though. Capital gains is one. Get the accountant on board now.
Knight Frank sold our large-ish house (5000sqft) in November (when the economy really hit the fan), nothing but praise for their professionalism and diligence..
They certainly didn't behave in the stereotypical "estate agent way".
The house sold in just a few weeks, and more importantly, got us over £150k more than other agents said we'd get for it.
They certainly didn't behave in the stereotypical "estate agent way".
The house sold in just a few weeks, and more importantly, got us over £150k more than other agents said we'd get for it.
Edited by GT2man-2 on Monday 9th February 01:40
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