• North Down 028 9042 8989
  • South Belfast 028 9066 8888
  • East Belfast 028 9059 5555
  • N’Ards 028 9180 0700

56-60 East Street, Newtownards, BT23 7DE

For Sale, Offers Over £450,000

  • Site
  • BEDROOMS 0
  • RECEPTIONS 0
  • EPC RATING (G) 0
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Property Description

INTRODUCTION

An exceptional development site situated in Newtownards Town Centre with outline planning permission for twenty five apartments. The town has seen an increase in investment in recent years and in particular the new build sector has seen continual growth and demand.

Newtownards has developed from a market town into a main commuter town to Belfast. The town is home to a wide variety of shops, boutiques, restaurants and cafes as well as having a number of leading primary schools on offer and Regent House Grammar School. The surrounding area hosts a variety of sporting and recreational facilities including Scrabo & Clandeboy Golf Clubs, Ards Flying Club, Scrabo Country Park and Mountstewart.

LOCATION

The location is ideal for young professionals with excellent transport links and is just a short walk from the town centre and bus station.

SITE & PLANNING

The site extends to approximately 0.6 acres. Outline planning permission (ref: LA06/2015/0423/O) has been granted for the demolition of existing buildings and erection of 25 two storey apartments and private parking court.

DEVELOPMENT PROPOSAL

While the site benefits from outline planning permission for 25 apartments, a revised housing layout is more appropriate for current and forecast markets. In conjunction with Dimensions Chartered Architects an alternative scheme of townhouses has been considered and can be discussed at request. Please note this scheme should be considered for reference only and any interested parties must satisfy themselves in relation to their own opinion on the onward development proposal and planning status.

ASKING PRICE:

Offers Over £450,000

TENURE

Assumed Freehold or Long Leasehold subject to nominal ground rents.

FURTHER INFORMATION

Inspection of the site is strictly by private appointment. For further information please contact Aaron Mills on 02891 800700 or email amills@simonbrien.com.

TERMS OF SALE

The site is being offered for sale by Private Treaty

The criteria required from interested parties in placing an offer must include:

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

Timescale to complete the purchase post acceptance of offer

Confirmation of solicitor who will represent purchaser

10% deposit of agreed purchase price shall be payable upon exchange of contracts


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