South Street, Newtownards, BT23

Offers over £1,750,000
Residential Land |1.46 acres

Description

Prime Town Centre Residential Site
Full Planning Permission for 61no. Residential Units
Scheme Includes a Mixture of:
46no. Houses &
15no. Apartments
Foul & Storm Available on Site
All Planning Pre-Conditions are being satisfied by the current Landowners
PRICE - £1.75m

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 SUMMARY

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.

PRICE

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

Property Map

The agent has rated the accuracy as: Exactly Right
 South Street, Newtownards