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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.
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