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The Maltings, 82 Portaferry Road,

Newtownards, BT23 8SN

Asking Price £1,350,000

The Maltings, 82 Portaferry Road,

Newtownards, BT23 8SN

Asking Price £1,350,000
Status Agreed
Asking Price £1,350,000
Style Site
Stamp Duty £78,750 / £119,250*
*Higher amount applies when purchasing as buy to let
or as an additional property
Status Agreed
Asking Price £1,350,000
Style Site
Stamp Duty £78,750 / £119,250*
*Higher amount applies when purchasing as buy to let
or as an additional property

Description

DESCRIPTION
An exceptionally well located opportunity with full planning permission for 27 apartments and new detached dwelling in the most attractive and accessible setting, less than a mile from Newtownards town centre, c.5.5 miles from Bangor Town Centre and c.11 miles from Holywood and c.12 miles from Belfast.
The site offers a superb opportunity with incredible panoramic views across Strangford Lough. Founded in 1930's by Granville Nugent, Newtownards, the malt was supplied to well known producers such as the Guinness Brewery and Bushmills Distillery, production was ceased in 1986.
The subject site comprises a large red brick building, grain silos and wider curtilage formally used as a facility for malting barley grain. The two storey building is nestled on the northern corner of the site overlooking Strangford Lough. The site rises from the Portaferry Road offering an elevated position and stunning views across the surrounding area.
The current approval for 27 apartments, access, car parking, amenity space and landscaping was approved on 7th February 2020. In addition, within the boundaries of the site is a detached dwelling which could be a possible replacement dwelling (subject to the necessary approvals).
Seldom does an opportunity come up for development in such a rural yet most accessible location.
PLANNING SUMMARY
Full planning approval for proposed retention, conversion and extension of existing building at 'The Maltings' from redundant industrial brewery and malting facility to 27 no. apartments, access, car parking, amenity space, landscaping and ancillary works on lands at 82 Portaferry Road, Newtownards.
The site had previously benefitted from two other planning approvals, the first X/2008/0783/F for conversion and extension of the existing buildings for a 50 bed hotel with supporting services, the second approval X/1995/0504/ was also for conversion and extension to hotel. Both these approvals have since lapsed.
PRICE
Offers are invited in the region of £1,350,000 (One million, three hundred and fifty thousand pounds Sterling).
VIEWING
Viewing is by appointment through our North Down office on 028 9042 8989.
FURTHER DETAILS
For further information, please contact David Best or Simon Brien at our North Down office on 028 9042 8989 or via email dbest@simonbrien.com sbrien@simonbrien.com
Contact David Best Holywood 028 90440201 Email Enquiry

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