Carnbane Way, Newry,

Description

FOR SALE
PRIME HIGH PROFILE MIXED USE DEVELOPMENT SITE ZONED FOR HOUSING AND INDUSTRYUNDER THE BANBRIDGE / NEWRY AND MOURNE AREA PLAN 2015 (DRAFT)

Location and Description
 
Newry is one of Northern Ireland’s foremost cities with a population at last census of c. 60,000 persons and District catchment population of c. 90,000 persons strategically located on the Main A1 road between Belfast (c. 30 miles) and Dublin (c. 70 miles).
 
The site has substantial frontages (c. 760 m) to Carnbane Way (Newry bypass) with adjoining land uses including housing, industry and retail and comprises part greenfield lands and the former Customs and Excise Clearance Station.
 
Access to the site is off Carnbane Way / Shepherds Way Roundabout.
 
An opportunity to acquire a significant mixed use development site in Newry (subject to any necessary planning).

Planning
 
The site is zoned under the Banbridge / Newry and Mourne Area Plan 2015 (Draft) as follows (see opposite page):
 
Area shown shaded brown (NY44) – is zoned for housing subject to maximum gross density of 30 No. dwellings per hectare and is to be accessed off Ardmore Road – previously zoned as housing under the Newry Area Plan 1984 – 1999.
 
Area shown shaded pink (NY65) – is zoned for industry with access off the existing access onto Carnbane Estate Roundabout subject to junction improvements with the A1 (developer to consult with Roads Service) – previously zoned as white land under the Newry Area Plan 1984 – 1999.   Formal written objections were lodged with Planning Authorities in October 2006 in relation to the zoning of this land requesting that it be zoned for housing or left as un-zoned white land.
 
Area shown shaded lilac – is zoned as a major area of existing industry – previously zoned as white land under the Newry Area Plan 1984 – 1999.     Formal written objections were lodged with Planning Authorities in October 2006 in relation to the zoning of this land requesting that it be zoned for housing or left as un-zoned white land.
 
Area shown hatched green (NY114) – is zoned as a Local Landscape Policy Area which may be suitable for housing development (subject to planning) - previously zoned as part housing and part white land under the Newry Area Plan 1984 – 1999.   Formal written objections were lodged with Planning Authorities in October 2006 in relation to the zoning of this land informing the Planning Service that the site would be suitable for residential use, particularly affordable / social housing and requesting that the Local Landscape Policy Area policies are not applied in an overly restrictive manner in order that they don’t place unnecessary or inappropriate restrictions on the density of development that would be appropriate and necessary for affordable and social housing design.
 
Services
 
All mains services available to the site(s).
 
Site Areas
 
       Area zoned for Housing        c.   2.93 acres       (1.19 ha)
       Area zoned as Local Landscape Policy Area       c. 16.58 acres       (6.71 ha)
       Area zoned for Industry / Existing Industry       c.. 12.81 acres       (5.18 ha)
      
Total Area c. 32.32 acres (13.08 ha) 
 

Sales Details
 
PRICE:                                               Offers over £23.9M .
 
TITLE:                                                Long leasehold, subject to nominal ground rent.
The portion of the site zoned for industry / existing industry is subject to a restrictive covenant precluding its use for the retail sale of groceries or food; as a Do-It-Yourself retailer and for the retail of electrical goods.  In addition the restrictive covenant precludes the granting of a right of way over the property for access to any other property which has the above uses.
 
V.A.T.
 
Prices, outgoings and rentals are exclusive of, but may be liable to VAT.
 
 
Viewing
 
Strictly by appointment with:                O'Connor Kennedy Turtle, 22 Adelaide Street, Belfast BT2 8GD
Tel: 028 9024 8181 Fax: 028 9024 8188
Contact:   Iain McCabe (iain.mccabe@okt.co.uk)
    Mark Patterson (mark.patterson@okt.co.uk)

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