225 Hillsborough Road, Sprucefield, Lisburn, Antrim, BT27 5UJ

For Sale Guide Price £2,000,000 Convert to EUR

Key Information

Property Type: Commercial Land Price: Guide Price £2,000,000 Convert to EUR
Bedrooms: - Offer Status: For Sale
Receptions: - EPC Rating: -

For more information on this property call 028 9024 1500 or Email Agent

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Colliers International

4th Floor, Belfast, BT1 2LD

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    Features of this property

    • A Highly Prominent Development Opportunity located opposite Sprucefield Park at the intersection of the M1 and A1 Road networks
    • The site extends to approximately 3.07 acres and was previously used as a car showroom and garage. The site is level and regular in shape
    • The existing built accommodation extends to approximately 17,750 sq.ft comprising the former car showroom, garages and stores.
    • Planning Permission has been approved for Retail Warehousing with associated car parking whilst there is also an application lodged for a Petrol Filling Station, Drive Through Restaurant and Restuaran
    • Guide Price £2,000,000

    Property Description

    This highly prominent site extends to c. 3.07 acres (1.24 hectares) and benefits from extensive frontage c.124m onto the Hillsborough Road / A1 dual carriageway close to the intersection with the M1 Motorway. The site is largely level and regular in shape. The site was formerly used as a car showroom and garage complex which is now vacant and ready for development. The existing built accommodation extends to approximately 17,750 sq.ft (G.I.A) and is arranged across 3 buildings.


    PLANNING

    Planning Permission has been approved for the following:


    S/2008/1077/F - Erection of 1 no 6000 sq.m Retail Warehouse and associated access, parking, servicing and landscaping. Approved 30/10/10.


    S/2011/0273/F - Erection of Retail Warehouse accommodation (4,000 sq.m) which can be sub-divided into units of not less than 800 sq.m. Approved 14/02/12.

    A planning application has also been lodged for the following:

    S/2013/0128/F - Erection of 8 No Units for Restaurants/Cafes/Fast Food, Petrol Filling Station with associated shop and car wash. The application is still pending.

    The site is located within the Development Limit of Sprucefield Regional Shopping Centre as set out in the BMAP 2015 and has been zoned as an 'Area of Development Potential' and may be suitable for a range of uses (Subject to Planning Permission).


    TITLE

    We understand that the property is held Freehold / Long-Leasehold and is not subject to
    any onerous dues or burdens. Title and contract are available for inspection by appointment only via;

    Arthur Cox Solicitors, Victoria House, 15-17 Gloucester St, Belfast, BT1 4LS.
    Contact: Cary Geraghty
    Tel: 028 9023 0007
    Email: Cary.Geraghty@arthurcox.com


    NET ANNUAL VALUE

    We have consulted the LPS website and have established that the NAV for this property
    is £34,800.
    Estimated Rates Payable 2016/2017: £18,556 p.a


    VAT

    We are advised that the property is VAT registered and therefore VAT will be charged on the purchase price.

    PRICE

    Offers are invited in the region of £2,000,000 exclusive of VAT.

    FURTHER INFORMATION

    For further information please contact:
    William Knox or Martin McKibbin
    Tel: 028 9024 1500
    Email: william.knox@colliers.com or martin.mckibbin@colliers.com

    EPC

    Given the condition of the premises and that it is being offered for sale as a site an EPC has not been provided. Prospective purchasers should note that they will need to submit an EPC to Building Control upon renovation / re-development of the property.


    Misrepresentation Act
    Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees
    and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or
    Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the
    correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty
    whatsoever in relation to this property.
    Colliers International is the licensed trading name of Colliers Belfast Limited. Company Registered in Northern Ireland No. NI 614836 Registered
    Office:, 25 Talbot Street, Belfast, BT1 2LD

    Location of 225 Hillsborough Road, Lisburn

    Sprucefield is located approximately 10 miles west of Belfast just off the M1 Motorway at the intersection with the A1 Belfast to Dublin corridor. Sprucefield is recognised as a Regional Centre (Sprucefield Regional Shopping Centre). The centre draws on a wide regional catchment comprising in excess of 1.0m consumers within a 45 minute drive time The 60 minute drive time covers 14 major provincial towns, all accessible via either dual carriageway or motorway network. The site is located off the Hillsborough Road at the roundabout linking the A1. It occupies a prominent position located opposite the Sprucefield Park retail warehouse. scheme and opposite the proposed John Lewis site. Retailers in the immediate area include: Marks & Spencer, Sainsburys, Currys, Homebase, Argos, Next and Toys R Us.

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    Colliers International

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