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Park Avenue, Newcastle, BT33 0DY

Offers Around £250,000

Key Information

  • Price Offers Around £250,000
  • Style Site
  • Status Sale

Description

PRIME RESIDENTIAL DEVELOPMENT SITE  WITH  PLANNING APPROVAL FOR 5no. LUXURY APARTMENTS

Location:   Newcastle town is a bustling seaside resort at the foot of the Mourne Mountains.  The town and surrounding area benefit from an excellent range of local, leisure and sporting amenities and is approximately 30 miles from Belfast, 25 miles from Newry city centre and 25 miles from Lisburn city centre.

The site is located just off Park Avenue, adjacent to the Shimna Road, enjoying a most central and convenient position within the town. The site is only a short walk to the promenade and the sea, as well as to access to the mountains from Donard Park.

Description:   The subject site is flat with vehicular access directly from Park Avenue.

Outline planning is in place for 5no. luxury two bedroom apartment over three floors with ground floor communal parking.

Planning:   The land benefits from planning permission for 5no. Apartments - please refer to application no. LA07/2020/0108/F.

Opportunity:   The subject provides a purchase for the opportunity to build a exclusive development of only 5no. Luxury apartments in a most convenient and popular location in the centre of Newcastle.  Rarely do such sites come onto the market for sale.

The approximate floor areas of the proposed apartments are:

No. 1 - 850sqft; No. 2 - 900sqft; No. 3 - 850sqft; No. 4 - 900sqft.; No. 5 - 850sqft.

Services:   All main services are available in the vicinity of the site.  Prospective purchasers should make any necessary enquiries to the appropriate authorities as to the suitability and availability of services.

Title:   We understand the property is freehold and free from any onerous or restrictive covenants.

Stamp Duty:   This will be the responsibility of the Purchaser.

Location

Directions

At junction of Park Avenue with Shimna Road

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Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.

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