Former Larne hotel building put up for sale at £275,000
The original Curran Court Hotel in Co Antrim has hit the market at an asking price of £275,000. The hotel moved from Curran Road in Larne - where the original building is located - to a new site on Redlands Road eight years ago.
Now the original premises is joining the Redlands Road building on the market.
The hotel business went into administration in July owing almost £3m to Ulster Bank. However, the Redlands Road building is still trading.
Curran Court Hotel had been trading for 41 years, led by Crawford and Jean Leitch, who also ran La Bodega Bar in the town. It is also being sold.
The original hotel on the Curran Road sits on one-third of an acre 12 miles north east of Carrickfergus.
Lynn Taylor -chartered surveyor at Lisney Belfast, agents for the sale of the Curran Road building - said outline planning application had already been granted to build 20 apartments on the site.
"With very few residential development sites currently available in Larne and, coupled with the town's convenient proximity to Belfast and Carrickfergus, we believe that the property will only be on the market a short time," she said.
"Outline planning permission was granted in 2014 for the construction of 20 two-bedroom apartments, however, we believe the land may also be suitable for alternative residential development, subject to planning.
"The Curran Court Hotel is one of Larne's landmarks and, given its significant residential potential and the lack of other development opportunities in the area, we anticipate high levels of interest."
EY were appointed joint administrators in July, with Merchant Hotel owners Beannchor Group used to provide industry advice.
In the year ended March 31, 2015 - its most recently-filed accounts - the company had a turnover of £1.7m and gross profit of £1.2m.
The administration prompted many people to express their concern at its difficulties.
According to a recently-filed administrators' progress report, directors missed the deadline to submit a statement of affairs. As a result administrators had to estimate the company's current financial situation.