For Sale

Approx 6.6 Acres At Breagh Road And Gilford Road, Portadown, Portadown, BT63 5LT

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Land

Location of Approx 6.6 Acres At Breagh Road And Gilford Road

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description

Key features:
  • Approx 6.6 acres
  • Located close to town boundary
  • Currently it is purely agricultural
  • It has no building sites on it
  • Ideal for farmer or investor
  • Future development potential

Agricultural Land
Fronting The Gilford Road And Breagh Road
Possible Investment Opportunity
Located Close To The Town Boundary


We have been instructed to offer for sale, lands located in a prominent position, fronting onto the Gilford Road and Breagh Road. They are located close to, but outside the town boundary. So, whilst there is currently NO planning permission for building on the ground, it is probable that one day when the development limit extends further out the Gilford Road, this land may be zoned for development..


In light of this, the vendors are imposing a claw back/overage clause on the land, which would be triggered if all or parts of the land are zoned (Phase 1) for development, within a period of 25 years from the completion of the sale. The percentage of the overage will be 25% of the open market value, at the time the land is zoned. The overage will be payable to the current owners, within 2 years of the land being zoned.


For further information contact Alastair Stevenson.

Property Costs

  • Status: For Sale
  • From£130,000

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The Property Spot
83 Armagh Road

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