Sale agreed on NI's 'record price' house

Published Thursday, 31 January 2013
Comments
Toggle font size
Print

A property which was originally agreed to sell for a record-breaking £3.5m during Northern Ireland's property boom has been sold on the market for £825,000.

Sale agreed on NI's 'record price' house
A sale has been agreed for just over £800k. (© Pacemaker)

The house at 50 Malone Park was at the centre of a legal battle after a businessman agreed to buy it at the height of the property boom but then refused to pay.

A high court ordered Nicholas McKenna to pay over £2m for the house last year despite claims the head of the Ballymena-based Galgorm group had pulled out of the deal.

The businessman had denied suggestions that the property crash thwarted any hopes of making a £500k profit on the house.

The offer was expected to make the six-bedroom Victorian property the highest-fetching residence on the market at the time.

A sale has now been agreed for the premises for the more humble sum of £825,000 according to Ulster Property Services.

© UTV News
Comments Comments
0 Comments
No comments. Be the first to comment.
POST A COMMENT:
Name:  
Email address*:    
Location:  
Validation:
House Rules:  
Your Comment:  
[All comments are moderated and will not appear immediately. Your name, location and comment will be displayed on this page if your post passes moderation.]
CONSUMER COUNCIL
Know your rights when it comes to Christmas shopping with our Myth Buster guide.
MOST POPULAR GALLERIES
Mon 08 December 2014
One Direction fever
Fri 05 December 2014
U2 music video filmed in Belfast
Wed 17 December 2014