Northern Ireland

Sale agreed after £3.5m Belfast house dispute

50 Malone Park
Image caption Ballymena businessman Nicholas McKenna agreed to buy the house for £3.5m

A house in Belfast that was at the centre of a multimillion pound dispute has been agreed for sale.

The property, 50 Malone Park, is on Belfast's most prestigious street.

At the height of the property boom, Ballymena businessman Nicholas McKenna had agreed to buy it for £3.5m but he later failed to complete the deal.

Last year, Belfast High Court ordered him to pay the full price. A sale was agreed last week for the house, which had been on the market at £825,000.

Loan claim

Mr McKenna had already paid £1.35m to the seller, Jim McDonald.

However, during the case the Ballymena man told the court that this had been a loan.

Ordering him to pay the outstanding £2m, Lord Justice Coghlin said that some of Mr McKenna's evidence had "bordered on the nonsensical".

Malone Park is a private, tree-lined avenue which runs between the Malone and Lisburn roads.

Its residents include wealthy property developers and prominent members of the legal community.

Mr McKenna, who owns a catering supplies firm, had claimed he was interested in buying the house for his son who then decided he did not want the property.

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