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Fronting The Gilford Road And Breagh Road
Possible Investment Opportunity
Located Close To The Town Boundary
Approx 6.6 acres
Located close to town boundary
Currently it is purely agricultural
It has no building sites on it
Ideal for farmer or investor
Future development potential
We have been instructed to offer for sale, lands located in a prominent position, fronting onto the Gilford Road and Breagh Road. They are located close to, but outside the town boundary. So, whilst there is currently NO planning permission for building on the ground, it is probable that one day when the development limit extends further out the Gilford Road, this land may be zoned for development..
In light of this, the vendors are imposing a claw back/overage clause on the land, which would be triggered if all or parts of the land are zoned (Phase 1) for development, within a period of 25 years from the completion of the sale. The percentage of the overage will be 25% of the open market value, at the time the land is zoned. The overage will be payable to the current owners, within 2 years of the land being zoned.
For further information contact Alastair Stevenson.
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