Mallusk Road, Mallusk, Newtownabbey,

Features of this property

• FOR SALE - PRIME COMMERCIAL LANDS
• C. 4.5 ACRES

Property Description

The lands extend to c. 4.5 acres, having exclusive frontage to the Mallusk Road and return frontage to the adjoining industrial estate.  The lands are slightly elevated and enjoys a strong profile onto the Mallusk Road.

SITE AREA:

The site extends to c. 4.5 acres

PLANNING:

Under the Belfast Metropolitan Area Plan 2015 currently in draft for the lands are zoned as a “Major area of existing Employment / Industry”  At present two consents exist on the lands.

1. Consent for “Car showroom and workshop” on the Mallusk Road frontage, on which work has commenced hereby protecting the consent. (Ref: U/2000/0643/F).

2. Consent for a “Warehouse Building” of c. 10,000 on lands to the rear.  Again this consent has been protected by the infrastructure works carried out (Ref: U/94/0443/R).

SALES DETAILS:

Price - Offers invited in the region of £1.5M plus VAT (Note - consideration may be given to proposals for a leasehold disposal of the lands).

Title - The lands are held under lease for a term of 125 years from 1 August 1999, subject to rent reviews every 5 years.  The current annual rent received is an amount of £20,000 per acre rising to £22,000 per acre in August 2013. 

TENANCIES:

An area of the site to the rear of the Donnelly Bros showrooms is leased to Donnelly Bros on a short term basis at the equivalent of £47,000 per annum.

VAT:

All prices, outgoings etc quoted are exclusive of, but may be subject to VAT.

FURTHER INFORMATION:

Contact - Alan McKinstry (alan.mckinstry@okt.co.uk) or Iain McCabe (iain.mccabe@okt.co.uk) or Brian Turtle (brian.turtle@okt.co.uk) on Tel: 9024 8181

Location of Mallusk Road, Mallusk