OKT

Prominent site with Full Planning Approval for 38 Residential units across 2 phases

The property is situated on the Millburn Road which leads from the town centre past the Rose Gardens and JKC BMW showroom out in the direction of Portrush and Portstewart and the University. The site whilst not leading to the River Bann is in close proximity although elevated so as not to be affected in any way. There will likely be views over same from some of the upper floor apartments within the scheme when built.

The finished units will face onto a regular bus route and are within a 10 minute walk to the train station to facilitate easy second home buyers as needed in the 3rd generation sector and will be equally appealing to buyers in the local community seeking a centrally based home for their daily commute to town or a nearby destination, with many choosing the North Coast now as a work from home alternative to life in local or mainland city's as working life has evolved.

The lands provide a mostly cleared site with as mentioned a good stretch of frontage onto Millburn Road, only the final old houses remain to be demolished. The site could be taken through to building commencement in a short period of time as the vast majority of the site preparation and statutory matters have already been undertaken and paid for at the vendors expense to date, leaving little to do from a developers perspective thankfully, which makes the opportunity to purchase all the more attractive.

The site has been certified clear of any contaminants and invasive plant species, and a secondary planning application against the original application is now also approved for an alternative scheme that we detail herein to provide some more smaller 1 bedroom apartments suitable for social housing provision if so desired for a build out as an alternative. There is also the potential to focus more on a larger number of private housing as a more profitable outcome if building for that sector directly.

Other Points of Note :
There is an availability of some rubble already on site which can be crushed for hardcore layers
We are advised of an ‘additional needs housing’ shortage locally, and an additional 5 units across both phases is possible subject a minor amendment with the planning department as regards internal layouts coupled with an ‘offsetting agreement’ to be negotiated with NI Water to replace / remove the need for the approved Water Treatment works as shown in Phase 2.