- Additional Information
- Share This Property
- Personal Notes
OUTSTANDING OPPORTUNITY AND INVESTMENT POTENTIAL
· Site c. 0.8 acres adjacent to Royal County Down Golf Course
· Planning permission R/2006/0959/F (20 apartments totalling c.19000 sq.ft.,passed March 2008 - expired March 2013)
· 5 x 2 storey, traditional style buildings each comprising 2 apartments of c. 770 sq. ft
· Main block overlooking golf course, spectacular 3 storey (Glass and Balconies).
· 8 x 875 sq.ft. apartments and 2 x 1750 sq.ft. penthouse apartments
An outstanding opportunity has arisen in the beautiful seaside town of Newcastle, Co. Down, encompassing both property development potential and/or significant investment opportunity.
The combined properties, consisting of 113 and 115 Dundrum Road, approach c. 0.8 of an acre of land and in 2008 were granted full planning approval for 20 quality apartments (currently expired), overlooking the world famous Royal County Down Golf course and the magnificent Mountains of Mourne. Plans are available for perusal at the estate agents, J & D Flynn & Co. It is hard to imagine a more attractive site.
For those who do not immediately want to build on the site this represents a major investment opportunity. The site is occupied by two bungalows, built in 1964, one of which has three bedrooms, the other has five bedrooms.
The three bedroom has a large garage and a spacious outside conservatory, 20 element gas filled solar hot water panel and 14 PV electric producing panels which earn a good return by supplying electricity for the national grid. There are also three large vegetable gardens and fruit trees providing an abundance of produce.
The five bedroom bungalow has a garage, outbuilding and green house. It also benefits from 3 dog kennels and the exceptionally large garden laid down to vegetables and an abundance of fruit trees plus an area for bees. This bungalow has many characteristics of a smallholding.
Both properties are insulated and benefit from full central heating and independent wood burning stoves.
The property market in Newcastle has risen 15 to 20% this year alone. Coupled with an extreme shortage of suitable available housing and high demand from potential buyers this makes this a very attractive position. Plus no investment currently available can offer anything like the growth potential of this offer.
NEWCASTLE, Co. DOWN
This is an excellent site with commanding views of both the world famous Royal County Down Golf Course and the stunning Mountains of Mourne. The site is in an excellent position close to the centre of the beautiful seaside town of Newcastle, the gem of County Down which is designated as an area of outstanding natural beauty. The town itself offers many and varied attractions; golf, mountain walks in the Forest Park, water sports, fishing, a superb wheelchair friendly promenade running around the bay, outdoor pursuits centres and a large selection of bars and restaurants. Newcastle provides an excellent base to explore the rest of Northern Ireland and easy access to Southern Ireland.
Share this property
Add a personal note about this property
You can add your own personal notes about this property.
You can view all your notes by going to My PropertyPal.com.
You can remove this note at any time.
Notes can only be seen by you and any pals you have added, they cannot be viewed by the vendor or estate agent.
Are you selling this property?
Promote your listing on PropertyPal to get more exposure and put your property in front of the right people.
Not your property? Click here to search for your property.
Option 1: Boost It Back
Increase views of your property with a single boost back up the natural listings.
Option 2: Featured Listing
Get one Boost It Back every week for the duration of your order.
Additionally, your property appears as featured at the top of the search results on selected dates and locations.
Option 3: Premier Listing
Get an automatic Boost It Back every week for the next 4 weeks.
Additionally, your property appears as enhanced with extra photos and a description for the lifetime of your listing.
Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings. Report a problem »