Over 50 lots went under the hammer during our auction at the end of November, which realised £6.2 million worth of sales in under two hours. There was standing room only in the Olympic Suite at the Clayton Hotel, Ormeau Avenue, Belfast as properties ranging from the former Desmond’s Factory outside Enniskillen was sold for £460,000.
On 26 October 2015 the Finance Minister, Arlene Foster MLA, announced a root and branch review of the non-domestic rates system in Northern Ireland offering non-domestic rate payers and interested bodies the first opportunity in years to have a say in shaping this property tax and its future application.
I find it hard to believe that mega brand Volkswagen has become embroiled in a worldwide scandal regarding the falsifying of emissions data. Building a brand or an image takes years; destroying one can be the work of a few seconds.
Osborne King’s final auction of the year takes place on Friday 27 November in the Clayton Hotel, Ormeau Avenue Belfast. The company’s auction catalogue features 55 lots with a combined overall maximum reserve value of over £5.5 million making it Osborne King’s largest auction of the year.
Osborne King has been shortlisted in the Commercial Estate Agency category in the 2015 Belfast Telegraph Property Awards in association with Propertynews.com.
There is little doubt that direct property investment is re-emerging as a preferred investment class due to poor returns on cash deposits and enhanced market sentiment. It’s a case of “back to basics, accepting that it is prudent to take a medium term view on property and acknowledging that capital growth will be steady rather than instant.