Belfast Telegraph

Friday 26 December 2014

Pub gloom deepens as Belfast nightclub put on market for just £300,000

Julie Tracey and Shannon Rainey at Style Academy's 18th Birthday bash in the Rain Night Club.
Nights out at Rain Nightclub ....Julie Tracey and Shannon Rainey at Style Academy's 18th Birthday bash in the Rain Night Club.
Megan McConnell, Tracey Hall and Melanie Boerham at Style Academy's 18th Birthday bash in the Rain Night Club.
McBurney/Style Academy 18th Birthday - Stirclty Sunday Life Use Only.Tracey Hall's Style Academy celebrated its 18th Birthday last night with a bash at Rain Night Club. Pictured friends Alison Bryans, Sofie Madill.Location: Rain Night Club - Toome Street, BelfastPicture date Friday 12th June 2009Pictures by Liam McBurney ©.Copyright Liam McBurney.Liam McBurneyliammcburney@gmail.com +44 7837 68 57 67
Paula Thompson and Sarah Weir at Style Academy's 18th Birthday bash in the Rain Night Club.
Leanne McKeag, Bianca Heyneke and Ana Monroe at Style Academy's 18th Birthday bash in the Rain Night Club.
McBurney/Style Academy 18th Birthday - Stirclty Sunday Life Use Only.Tracey Hall's Style Academy celebrated its 18th Birthday last night with a bash at Rain Night Club. Pictured Laura McCausland, Zara Colhoun.Location: Rain Night Club - Toome Street, BelfastPicture date Friday 12th June 2009Pictures by Liam McBurney ©.Copyright Liam McBurney.Liam McBurneyliammcburney@gmail.com +44 7837 68 57 67
Tracey Hall dancing with a male friend at Style Academy's 18th Birthday bash in the Rain Night Club.
Tracey Hall and Julie Doherty at Style Academy's 18th Birthday bash in the Rain Night Club.
Laura Williams, Catherine McKee, Megan McConnell and Thailia at Style Academy's 18th Birthday bash in the Rain Night Club.
Kelly Dixon and Julie Doherty at Style Academy's 18th Birthday bash in the Rain Night Club.
Emma Speele, Alison Bryans, Alan Lewis, Sofie Madill, and a friend at Style Academy's 18th Birthday bash in the Rain Night Club.
Kevin Hartewebb, Johsnna Boyd and Joe Webb at Style Academy's 18th Birthday bash in the Rain Night Club.
Kelly Anne McKendry and Gemma McCorry at Style Academy's 18th Birthday bash in the Rain Night Club.
Sara Scullion, Laura Lyons, Carlie Jameson and Louise White at Style Academy's 18th Birthday bash in the Rain Night Club.
Birthday Party for Vicky Williamson and Genevieve Porter at Rain Nightclub
Ruth Wills, Victoria Morton, Sarah Thompson, Genevieve Porter, Debbie Wilson, Rachel Cromie at Rain Nightclub

A well-known Belfast nightspot has gone on the market with a price tag of £300,000.

Coral Inns, the former owner of Rain nightclub in Tomb Street close to the Cathedral Quarter, went into administration in August last year.

The business comes with a leasehold interest in the building, described by agents Osborne King as a "converted former bond warehouse" which can hold 520 revellers.

Coral Inns signed up to a company voluntary arrangement at the end of 2011 after running up debts with HM Revenue and a drinks supplier.

Earlier that year the firm was fined a total of £5,000 for breaches of its entertainments licence when it admitted three counts of overcrowding.

Belfast City Council's licensing committee suspended Rain's entertainments licence for seven weeks following the breaches.

During one inspection, council staff found the club had exceeded its capacity by more than 300.

However, Desmond Lynchehaun and Orla Wallace were appointed administrators by the company's directors in August last year and the club has remained open for business.

In 2012, after signing up to a voluntary agreement with the PSNI and Pubs of Ulster to close an hour earlier at 2am following the outcry after the death of Joby Murphy, the club went back to closing at 3am because of what it said was a downturn in trade.

Mr Murphy drowned in the River Lagan in January 2102 after becoming heavily intoxicated during a night out in another pub, sparking a backlash against cheap drinks promotions and late opening.

The venue was known as Milk for 10 years but reopened as Rain four years ago. Milk was set up by pub entrepreneur Mark Beirne of Life Inns who went on to help establish Filthy McNasty's on Dublin Road and El Divino at Mays Meadow close to the River Lagan.

Rain's arrival on the market comes during a fraught period for the licensed trade in Northern Ireland.

Botanic Inns Ltd and sister company Kurkova recently went into administration. The former's six venues -- the Northern Whig, the Fly, the Elms, King's Head, Botanic Inn, Madison's hotel -- have been acquired by the group's former managing director, Stephen Magorrian.

The industry in general is struggling with the effects of the economic downturn and the growing popularity of drinking at home.

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