Shore Road, Rostrevor

Price £1,500,000

Land (with FPP) For Sale

Price £1,500,000

Land (with FPP) For Sale

Price £1,500,000
Land type Land (with FPP)
Planning Full Planning Permission
Status Under offer

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Additional Information

Additional Information

Shore Road, Rostrevor

q PLANNING


Full planning consent for the entire J.C. Campbell garage site was approved on 20th December 2017 under Planning Ref P/2009/1336/F.  Whilst the consent is for the approval of “a new 70 Bed Nursing Home, together with 41 No. 2 & 3 bedroom apartments with associated site works, landscaping and car parking ( including at grade and undercroft car parking)”, the land available to purchase relates to the Housing Site for 41 units, situated at the southern end of the Garage Site, excluding the existing Garage Buildings.  Copies of the Planning Consent are available on request.

 

RESIDENTIAL MARKET

 

Rostrevor is considered as a sought-after location nestled between mountains and sea, and in recent years had become even more popular with bikers attracted to Kilbroney park and miles of bike trails extending into the Mournes.

The village is constrained by sea and mountains from significant expansion and the subject site presents a rare opportunity to try and satisfy the strong demand for residential property in this locality.  In any given 12-month period the demand for either resales or new homes in the Rostrevor area far outstrips supply.  Resale prices in the Seafields Court apartments overlooking Carlingford Lough between Warrenpoint and Rostrevor have been achieving between £225 and £240 per sq ft in 2018.

SUBJECT SITE

 

The overall site area approved for Residential Development extends to approx.. 1.45 acres and consist of 6 no. 2 and 3 storey apartment blocks located around a central courtyard and area designed for parking.  The proposed 41 apartments extend to a gross floor area of c.3800 m2. .   

 

 

PROPOSAL

 

The vendor intends relocating the car showroom business to a new site elsewhere and is offering the entire site in two phases:-

Lot 1

Approximately 1.45 acres with full planning for 41 residential units (as outlined in red on the attached map).

Lot 2

The remainder site extending to approximately 0.95 acre currently in use for car sales but with current Planning Consent for a 70 bed Nursing Home.  We are advised that there is a possibility this Planning could possibly be replaced with Residential Development and this may be discussed with the selling agent.

The vendor would prefer to offer Lot 1 now and Lot 2 at a later date unless a purchaser specifically prefers to acquire both Lots together.

ACCESS

 

The proposed Development road coming off the A2 coastal route is located where the existing workshop building (nearest Killowen) stands.

The vendor proposes after a buyer has been identified and contracted, to demolish the workshop building prior to completion of sale and retain a temporary right of access over the access strip until the buyer of Lot 2 has been identified, in order to facilitate the vendor’s access to Lot 2.

OPTION ON SITE 2


 

In the event that an intending buyer of the Residential site wishes to take an option to purchase Site 2, this may be discussed with the selling agents.

LAND REGISTRY

The lands in sale are comprised within folio DN125907 and part of folio DN175606L

OFFERS

 

We reserve the right on behalf of the vendor to conclude the bidding (if necessary) by holding a meeting of all the bidders on a specified date and time in our office.

In the event that a meeting is to be arranged only those interested parties with a valid offer on the property by the closing date can be assured of being notified of the specific time and date.

VENDORS SOLICITOR

 

K Connolly SC Connolly, 1 Downshire Road, Newry, BT34 1ED

Tel: 02830265311

VIEWING

 

By appointment with the selling agents

GUIDE PRICE

 

Offers around £1.5 million

 




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Property Statistics

Total Views

(since advertised)

7,461

Listing Views

Date Views Unique Views Featured Published Bumped
28th Apr 2 2 No No No
29th Apr 8 8 No No No
30th Apr 4 4 No No No
1st May 6 6 No No No
2nd May 6 6 No No No
3rd May 1 1 No No No
4th May 1 1 No No No
5th May 3 3 No No No
6th May 3 3 No No No
7th May 2 2 No No No
8th May 2 2 No No No
9th May 3 3 No No No
10th May 7 7 No No No
11th May 6 6 No No No
12th May 5 5 No No No
13th May 2 2 No No No
14th May 1 1 No No No
15th May 1 1 No No No
16th May 0 0 No No No
17th May 5 5 No No No
18th May 1 1 No No No
19th May 8 8 No No No
20th May 3 3 No No No
21st May 7 7 No No No
22nd May 2 2 No No No
23rd May 1 1 No No No
24th May 5 5 No No No
25th May 2 2 No No No
26th May 56 56 No Yes No
27th May 17 17 No Yes No

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