For Sale

Development Site At, 62-64 South Street, Newtownards, BT23 4JU

Asking Price

£1,750,000

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Site

Location of Development Site At

Newtownards

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INTRODUCTION

We are delighted to offer to the market, an exceptionally well located development site in a most attractive and accessible location, in the heart of Newtownards.

The subject site is located in the centre of the popular shopping town of Newtownards, close to the main A20 ring road which services incoming traffic from neighbouring towns such as Comber (4 miles), East Belfast (7 miles) and the Ards peninsula. Close to many shops, restaurants and local amenities, as well as being within close proximity to transports networks the site is also close to Ards Shopping Centre and the new Tesco Extra at Castlebawn Roundabout.

The immediate area of South Street shares a mix of residential and commercial occupation with neighbouring residential housing developments, Jubilee Road Industrial Estate, Castlebawn Retail Park and the many shops and businesses based on High Street and Conway square which is just minutes' walk away. The Newtownards area has seen tremendous growth in recent years with the investment in the public realm Scheme, outdoor sports area at Londonderry Park and the opening of the Blair Mayne Health and Wellbeing leisure complex. Newtownards also has the Ards community hospital within the centre of the town with larger Ulster Hospital is just 5 miles away.

Demand for housing in Newtownards is high with the success of many new developments in the area selling well over recent years and we would envisage this proposed scheme to enhance the area and popularity of the town further.

PLANNING PERMISSION

The subject site benefits from two planning approvals. The first under planning ref X/2014/0604/F was granted on 29th October 2019 for 44 townhouses and 3 apartments. The second application under planning ref LA06/2018/0265/F was granted on 6th November 2019, which increased the initial proposed density for 26 houses and 12 apartments. The overall site now offers full planning approval for 61 units in total, comprising 46 houses (6 detached, 20 semi detached, 20 townhouses), and 15 apartments, see below schedule of units.

All pre commencement works noted within the approval documents will be completed prior to completion. It is also worth noting the site has the potential to add further value by increasing the density or altering the current layout.

The subject site measures circa 3.6 acres.

PLANNING & TECHNICAL INFORMATION

Additional house types and planning information is available to all interested parties upon request.

TITLE

Freehold

TERMS & CONDITION OF SALE

- 62-64 South Street, Newtownards is being offered for sale by Private Treaty.
- 10% deposit payable at exchange of contracts.
- Exchange of contracts 8 weeks from release of title and contract documents.
- Offers subject to title and contract only will be considered. Prior to submitting an offer, prospective purchasers should satisfy themselves in relation to planning, technical and building surveys.

CRITERIA REQUIRED TO SUBMIT AN OFFER:

- Confirmation of name and address of proposed purchaser
- Confirmation of offer level
- Proof of funds from Bank to confirm that adequate funds are available to complete the purchase at offer level
- Confirmation of solicitor who will represent purchaser
- Any conditions pertaining to offer

ASKING PRICE

£1,750,000 (One million, seven hundred and fifty thousand pounds Sterling)

VAT

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

FOR FURTHER INFORMATION & VIEWINGS PLEASE CONTACT THE SELLING AGENTS

SIMON BRIEN RESIDENTIAL

Simon Brien FNAEA
E: sbrien@simonbrien.com

David Best BSc (Hons)
E: dbest@simonbrien.com

T: 028 9042 8989

INDEPENDENT PROPERTY ESTATES

Michael Rushe Cert PFS, Cert CII (MP)
E: michael@imia.co.uk

T: 028 9145 0000

Property Costs

  • Status: For Sale
  • Asking Price£1,750,000
  • Stamp Duty: £123,750*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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Simon Brien Residential (North Down)
60A High Street

Independent Property Estates Ltd
11 Hamilton Road

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