Madisons Hotel, Botanic Avenue, Belfast, BT7 1JL

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1 For Sale - On the instructions of Tom Keenan of Keenan CF as Administrator of Lisk Limited (In Administration) Boutique 35 bedroom hotel, restaurant and nightclub in the popular Botanic Area

2 Summary Boutique hotel arranged over 4 floors in popular Botanic / Queen s Quarter area. 35 high quality en-suite rooms. Includes modern and spacious bar and restaurant and The Basement Nightclub. Sold with the benefit of vacant possession. Location Madisons is prominently located in the leafy area of Botanic, in the heart of the City s Queen s University area. This boutique hotel fronts Botanic Avenue, a thriving leisure destination which connects the City Centre and Shaftsbury Square area s to Queen s. The City centre is only a 10 minute walk away. The immediate surrounding area includes Queens University, the highly impressive McClay Library, Botanic Gardens, together with other hotels and restaurants. The area is popular not just for students but also people working in the city centre. Belfast is the capital city and retail centre of Northern Ireland with a catchment population of approximately 1 million people within a 30 minute drive. Belfast has excellent communication networks. The M2 motorway provides access to the north towards Antrim and Londonderry whilst the M1 motorway provides access to the south and west of the province towards Lisburn and Dublin. For Indicative Purposes Only

3 Description Originally opened in 1996, the stylish Madisons Hotel comprises 35 en-suite bedrooms, restaurant, bar and nightclub, arranged over 4 floors. The ground floor comprises a modern bar and restaurant area, capable of seating approximately 80 persons, via a combination of fixed perimeter benches, supplemented by free standing tables and chairs. Additional seating is provided via a mezzanine level, accessed off the main restaurant area. Internal finishes are of a high standard to include tiled / wooden floors, recessed spotlighting / feature downlights and elegant timber bar servery. There is also WC facilities along with a kitchen area with cold store located to the rear portion of the ground floor. The hotel reception is located at ground floor, which provides access to the 35 en-suite hotel rooms arranged over 1st-3rd floor, either via stairway or lift. Each of the 35 en-suite bedrooms are finished to a high standard and can only be appreciated on inspection. At lower ground floor level is the impressive Basement Bar and Nightclub, together with WC facilities, cloakroom and storage / cold room. Schedule of Accommodation For Indicative Purposes Only Floor Sq Ft Sq M Basement 4, Ground Floor 4, First Floor 4, Second Floor 4, Third Floor 4, Total 23,384 2,172.4

4 Accounts The business is currently being traded on behalf of the Administrators but will be offered with vacant possession upon completion. Trading accounts details are included in the online dataroom. TUPE All TUPE details are included in the online dataroom. Contents An inventory of contents included in the sale is available from the online dataroom. Rates We are advised by Land and Property Services of the following rating information: Net Annual Value: 150,000 Rate in 15/16: Rates payable: 86,013 per annum Title We have been advised Title is freehold held under a Fee Farm grant and is registered at Land Registry. All title documents are included in the online dataroom. Any title queries should be directed to: Tughans Marlborough House 30 Victoria Street Belfast BT1 3GG FAO: Joe Moore Tel: Joe.Moore@tughans.com

5 VAT We are advised that the subject property is VAT registered and therefore VAT will be charged in addition to the purchase price. Dataroom An online data room has been prepared for prospective purchasers to review due diligence relating to the property. The data room includes information on:- Title; Sale Contract; Financial Information; TUPE; Licence Documents; Inventory; Floor plans; Energy Performance Certificate; External and internal photographs; Any other relevant information. To obtain login details to the online data room, please contact the Agent. Energy Performance Certificate The property has an EPC rating of C71.

6 Guide Price We are instructed to seek unconditional offers in the region of 2,300,000 (Two Million, Three Hundred Thousand Pounds Sterling) exclusive. Proposal The property is being offered for sale on the open market. Contractual offers to purchase should be submitted to the offices of Tughans Solicitors, Marlborough House, 30 Victoria Street, Belfast, BT1 3GG, on Friday 11 th December 2015 no later than 12 noon, in a sealed envelope marked Private & Confidential, FAO: Joe Moore Madisons Hotel, Belfast. Contractual offers to purchase must be in writing and should include the following:- 1. Signed contract accompanied with a 10% deposit cheque (to include VAT at 20%), to be drawn on a solicitor account (which will be returned uncashed if the offer is unsuccessful). 2. Confirmation of the identity of proposed purchaser, including name and address. 3. Confirmation of solicitors details. 4. Confirmation of proof of finance to include breakdown of funds between cash and bank finance, together with any conditions relating to bank finance. Please note the Administrator is under no obligation to accept the highest or indeed any offer. Further Information For access details, further information and/or to register an interest, please contact:- Douglas Wheeler Phillip Smyth dwheeler@lsh.co.uk pssmyth@lsh.co.uk Lambert Smith Hampton Clarence House 4/10 May Street Belfast BT1 4NJ Subject to Contract and Exclusive of VAT Lambert Smith Hampton January 2015 Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any ( LSH ) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists impressions or architects drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.