For Sale

Knockaleery Road, Cookstown, Tyrone, BT80 9EH

Guide Price

£200,000

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Investment

Location of Knockaleery Road

Cookstown is a thriving town and is centrally located in Mid Ulster approximately 26 miles east of Omagh and 48 miles west of Belfast via the M2 motorway and A31. The settlements of Dungannon and Magherafelt are located nearby, approx. 10 miles away. The subject property is located in the Magheraglass area approximately 5.5 miles west of Cookstown at the junction of the Magheraglass Road and the Knockaleery Road. The property sits adjacent to the Cookstown Landfill site.

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features

  • Long Income sand & gravel quarry investment
  • Extending to c.33.44 acres (13.53 hectares)
  • Passing Rent £14,400 per annum exclusive
  • Guide Price £200,000 exclusive

description

DESCRIPTION

The holding extends to c.33.44 acres (13.53 hectares) and has been utilised as a sand & gravel quarry. The property is not currently being used as an active sand & gravel quarry.


PLANNING

We have undertaken an online planning search and have established the following approvals at the property:

I/1995/0452 – Proposed Sand & Gravel Pit: Approved 19/06/97

I/75/0027 - Winning of Sand & Gravel: Approved 30/07/76


TENANCY DETAILS

TENANT:  Norman Emerson Group Ltd

TERM:  20 years from 1st August 2012

RENT:  £14,400 per annum

REVIEWS:  1st August on each year of the term.


PRICE GUIDE

We are seeking offers in the region of £200,000 exclusive. A sale at this level would reflect a N.I.Y of 7.04% assuming purchasers cost of 2.3%.

 

TENURE

We assume the property is held Freehold/Long Leasehold.

 

VAT

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

 

 

FURTHER INFORMATION
For more information or to arrange a viewing please contact:

 

Mark Riddell
07920 186523
mark@riddellmckibbin.com

 


Martin McKibbin
07715 269699
martin@riddellmckibbin.com

 

 

 

Riddell McKibbin
3rd Floor
7-11 Linenhall Street
Belfast
BT2 8AA
028 9531 3122
www.riddellmckibbin.com

 

Property Ref: RM0049

 

 

 

 

Riddell McKibbin Limited for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of Riddell McKibbin Limited or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Riddell McKibbin Limited cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Riddell McKibbin Limited has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Riddell McKibbin Limited will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.

Property Costs

  • Status: For Sale
  • Guide Price£200,000

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Riddell McKibbin
3rd Floor

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