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SarahBell

What Govts Do With Your Money - Lose £M On Property

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http://www.bbc.co.uk/news/uk-northern-ireland-29009445

The Stormont Assembly is hopeful it has found a buyer for Ormiston House, a building in Belfast that was costing the taxpayer almost £3,000 a week.

The assembly bought the 19th Century property in the east of the city 13 years ago for £9m.

While it remained unsold, it cost the assembly an estimated £400 a day on security and maintenance.

It was recently advertised at £1.25m. It is understood the property will be used as a private residence.

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The Stormont Assembly is hopeful it has found a buyer ....

It would be interesting to know who the buyer is and what his/her connections are - but they aren't letting on just yet.

At about £1 million it looks a bit of a real snip for someone seeing as it was sold at about £9 million a few years ago - even if only for the land.

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