45 Banbridge Road, Lurgan, Armagh, BT

Features

• FOR SALE 
• OUTSTANDING RESIDENTIAL 
• DEVELOPMENT SITE 
• (SUBJECT TO PLANNING) 
• INDICATIVE SCHEME AVAILABLE FOR 12 APARTMENTS 

Description

The site currently comprises a 2 storey detached house on a level, regular shaped mature site. In particular the boundaries are marked by mature trees and shrubs providing excellent screening. Currently the character of Banbridge Road is identified with low density detached upmarket houses. It is worth noting that 37 Banbridge Road, a site of similar size to the subject, has already been redeveloped to 3 storey block of 12 apartments known as Fairwinds.

LOCATION

The subject site fronts the Banbridge Road Lurgan which is a highly desirable residential location. It is close to Lurgan town centre, as well as local schools, churches and convenience shops. The attractive village of Waringstown with all its amenities is only approximately 1 mile away. Lurgan and the Craigavon area generally, witnessed some of the strongest house price inflation in Northern Ireland at 54.5% between 1st quarter 2006 to 1st quarter 2007 (Bank of Ireland Quarterly Home Price Index For Q1 2007). The proximity of the M1 motorway and Belfast, approximately 25 miles to the north east, makes Lurgan an ideal commuter base. 

SITE AREA

The site extends to approximately c. 0.33 of an acre. The site frontage to Banbridge Road is approximately 100 feet. An ordnance survey extract is included identifying the approximate site boundaries.

TITLE

Title can be inspected at: Johnson's Solicitors, Johnson House, 50-56 Wellington Place Belfast. Contact David Holly. Tel: 028 9024 0183

PLANNING

The site is designated as white land within the development limit of Lurgan. In the Craigavon Area Plan 2010. A map extract is included in this brochure. It should be noted that a three storey apartment block is already constructed nearby at 37 Banbridge Road.

PRICE

Offers around £800,000.

VAT

The property is not elected for VAT.

 

FURTHER INFORMATION

For further information contact:-

Chris Sweeney / Robert Watson

Osborne King Tel: 028 9027 0000

Lindsay House Fax: 028 9027 0011

10 Callender Street

E-mail: chris.sweeney@osborneking.com

Belfast BT1 5EN robert.watson@osborneking.com

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