Development Opportunity Site, With FPP, 45-51 William Street,

DEVELOPMENT OPPORTUNITY SITE WITH FULL PLANNING, L

WHAT'S ON OFFER

Significant road frontage allows for an array of development opportunities.

Site extending to 0.4 acres in 1 or more lots.

Lot 1: FPP 7 Apartments

Lot 2: Potential for 3 Apartments/ Commercial Unit

(Site Qualifies For Grant Aid Assistance)

LOCATION

The property is situated on the lively William Street in Lurgan, next to Wesley Place car park. Lurgan is a town in Co Armagh and is situated near the southern shore of Lough Neagh. It is located approximately 25 miles south west of Belfast and can be easily accessed via the M1 Motorway. William Street forms part of the main route from Lurgan town centre to the M1 Motorway. Surrounding occupiers include Spar, William Street Veterinary Clinic and Take 30 Fitness Centre. Lurgan Train Station is only a two minute walk away.

DESCRIPTION

This Development site is ideally situated in center of Lurgan. It benefits from a prime location, surrounded by many retail businesses, cafes, and local amenities. Convenient access to public transportation and ample parking options make it easily accessible for both locals and visitors.

The site is available in 1 or 2 Lots.

The property comprises four derelict buildings and a site to the rear which has access off North Street. The buildings are currently in disrepair allowing a developer the opportunity to fully redevelop this site. The properties are arranged across ground, first and second floors and are of traditional construction.

We understand from Lurgan Townscape Heritage Scheme that there are substantial grants available for the redevelopment of these four properties. This property has qualified for Substantial Heritage Lottery Funding.

The change of use has been passed for 3 no. properties to 4 no. residential apartments and 3 no. tourism apartments, partial demolition and alteration to the premises including two first floor balconies to the rear of the buildings; provision of dedicated parking and amenity place and other associated site works

LOT 1

FPP available for 7 Units at 47,49 and 51 William Street C. 0.15 Acre

4 x 2bed Residential Apartments
3 x 2bed Tourist/Short Term Rental Apartments

Guide Price £325,000

LOT 2

OPP for 3 Units at 45 William Street C. 0.2 Acre

3 x 2Bed Apartments

Guide Price £125,000

ENTIRE SITE

Offers over £400,000

AVAILABLE GRANTS

From October 2018 an offer of £1.935,000 was made to the Council by the then Heritage Lottery Fund, now renamed The National Lottery Heritage Fund (NLHF), to deliver the Lurgan Townscape Heritage scheme within the Lurgan Conservation Area. This offer was accepted and permission to start was agreed in December 2018. The total value of the scheme is forecast to be £6,700,147. The additional funds being make up with match funding of £2,002,852 from Council funds, £2,162,295 from property owners, with any shortfall coming from other public funds. The funding package will support the restoration of up to 25 key buildings within the Conservation Area, bringing floor space back into commercial and residential use, complementing other existing and planned developments within the conservation area in Lurgan. Only these 25 key buildings can receive a grant from the Lurgan Townscape Heritage scheme and the buildings from 45 to 51 William Street have been identified as four of these key properties. As such, any eligible regeneration scheme/works will be supported at the agreed grant intervention rates.

VIEWING DETAILS/ FURTHER INFORMATION

For further information or to arrange a viewing, please contact:

Stephen Gray, Manager - Commercial Property

T: 028 300 50633

E: [email protected]

These particulars are issued by Bradley Estates NI Ltd on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in preparing them, Bradley Estates NI Ltd for themselves and for the vendor/lessor whose agents they are, give notice that:- (i) the particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract, (ii) any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access or any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness, (iii) neither Bradley Estates NI Ltd, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Note: All plans and photographs are for identification purposes only. Subject to contract.