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Colliers International

Colliers International

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Key Information

Style Retail unit
Status Sold

Location

This agent has listed the accuracy as: Quite Near

Features

  • A Highly Prominent Development Opportunity located opposite Sprucefield Park at the intersection of the M1 and A1 Road networks
  • The site extends to approximately 3.07 acres and was previously used as a car showroom and garage. The site is level and regular in shape
  • The existing built accommodation extends to approximately 17,750 sq.ft comprising the former car showroom, garages and stores.
  • Planning Permission has been approved for Retail Warehousing with associated car parking whilst there is also an application lodged for a Petrol Filling Station, Drive Through Restaurant and Restuarant units
  • Guide Price £2,000,000

Additional Information

This highly prominent site extends to c. 3.07 acres (1.24 hectares) and benefits from extensive frontage c.124m onto the Hillsborough Road / A1 dual carriageway close to the intersection with the M1 Motorway. The site is largely level and regular in shape. The site was formerly used as a car showroom and garage complex which is now vacant and ready for development. The existing built accommodation extends to approximately 17,750 sq.ft (G.I.A) and is arranged across 3 buildings.


PLANNING

Planning Permission has been approved for the following:


S/2008/1077/F - Erection of 1 no 6000 sq.m Retail Warehouse and associated access, parking, servicing and landscaping. Approved 30/10/10.


S/2011/0273/F - Erection of Retail Warehouse accommodation (4,000 sq.m) which can be sub-divided into units of not less than 800 sq.m. Approved 14/02/12.

A planning application has also been lodged for the following:

S/2013/0128/F - Erection of 8 No Units for Restaurants/Cafes/Fast Food, Petrol Filling Station with associated shop and car wash. The application is still pending.

The site is located within the Development Limit of Sprucefield Regional Shopping Centre as set out in the BMAP 2015 and has been zoned as an 'Area of Development Potential' and may be suitable for a range of uses (Subject to Planning Permission).


TITLE

We understand that the property is held Freehold / Long-Leasehold and is not subject to
any onerous dues or burdens. Title and contract are available for inspection by appointment only via;

Arthur Cox Solicitors, Victoria House, 15-17 Gloucester St, Belfast, BT1 4LS.
Contact: Cary Geraghty
Tel: 028 9023 0007
Email: Cary.Geraghty@arthurcox.com


NET ANNUAL VALUE

We have consulted the LPS website and have established that the NAV for this property
is £34,800.
Estimated Rates Payable 2016/2017: £18,556 p.a


VAT

We are advised that the property is VAT registered and therefore VAT will be charged on the purchase price.

PRICE

Offers are invited in the region of £2,000,000 exclusive of VAT.

FURTHER INFORMATION

For further information please contact:
William Knox or Martin McKibbin
Tel: 028 9024 1500
Email: william.knox@colliers.com or martin.mckibbin@colliers.com

EPC

Given the condition of the premises and that it is being offered for sale as a site an EPC has not been provided. Prospective purchasers should note that they will need to submit an EPC to Building Control upon renovation / re-development of the property.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees
and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or
Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the
correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty
whatsoever in relation to this property.
Colliers International is the licensed trading name of Colliers Belfast Limited. Company Registered in Northern Ireland No. NI 614836 Registered
Office:, 25 Talbot Street, Belfast, BT1 2LD

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Total Views

(in last 30 days)

50

Listing Views

Date Views Unique Views Featured Published
31st Mar 2 2 No Yes
1st Apr 2 2 No Yes
2nd Apr 1 1 No Yes
3rd Apr 1 1 No Yes
4th Apr 0 0 No Yes
5th Apr 5 5 No Yes
6th Apr 0 0 No Yes
7th Apr 2 2 No Yes
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9th Apr 3 3 No Yes
10th Apr 0 0 No Yes
11th Apr 4 4 No Yes
12th Apr 2 2 No Yes
13th Apr 4 4 No Yes
14th Apr 1 1 No Yes
15th Apr 3 3 No Yes
16th Apr 1 1 No Yes
17th Apr 1 1 No Yes
18th Apr 0 0 No Yes
19th Apr 1 1 No Yes
20th Apr 0 0 No Yes
21st Apr 2 2 No Yes
22nd Apr 1 1 No Yes
23rd Apr 3 3 No Yes
24th Apr 3 3 No Yes
25th Apr 2 2 No Yes
26th Apr 0 0 No Yes
27th Apr 1 1 No Yes
28th Apr 0 0 No Yes
29th Apr 3 3 No Yes

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