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- Prominent residential development opportunity of 8.7 acres (3.52 hectares) with outline planning permission for 81 units
- Outline Planning Approval granted 30 June 2017 for 81 units (54 semi detached and 27 detached)
- Convenient location in Newbuildings, approximately 3 miles south of Derry/Londonderry City
- Attractive setting close to the east bank of the River Foyle
Derry City is located approximately 70 miles North West of Belfast and 147 miles from Dublin. The nearest major towns are Letterkenny (22 miles), Coleraine (30 miles) and Omagh (34 miles), with Derry representing the main regional City in the area.
As the regional capital of the North West, Derry offers investors a diverse business, social, cultural and leisure environment. Derry City is Northern Ireland's second largest population centre outside the Greater Belfast area, boasting a City Region of approx. 400,000. The City benefits from excellent transport links with the City of Derry Airport located 7 miles east of the City, with hourly train services to Belfast from the Waterside Railway station.
The city benefits from excellent infrastructure with the A6 link towards Belfast and the M2, and the A5 link towards Strabane and Omagh. Both of these major road networks are in the process of being substantially upgraded.
The subject land occupies a highly prominent location in Newbuildings, with dual frontage onto both the main A5 Victoria Road and Woodside Road. Newbuildings is located on the east bank of the river Foyle, approx. 3 miles south of Derry City. It is a popular residential location, given its rural setting and proximity to the City together with its attractive views across the River Foyle to east Donegal.
City of Derry Golf Club is located only 0.6 miles from the site.
The subject comprises a substantial land holding of approx. 8.7 acres (approx. 3.52 hectares). On site are some derelict industrial buildings with hardstanding, with some former industrial buildings having been demolished. The site also includes two derelict semi-detached residential dwellings at no. 61 and no. 63 Woodside Road and their curtilage.
The topography of the site slopes gently upwards from the Victoria Road to the east, with a number of trees lining its Victoria Road and Woodside Road boundaries. The surrounding area comprises a healthy mix of detached, semi-detached and terrace houses. The site is ripe for residential development.
Frontage to Woodside Road: 337m or 1,105 ft.
Frontage to Victoria Road: 135m or 443 ft.
Site Area: 8.7 acres or 3.52 Hectares
The entire land holding is located within the development limit of Newbuildings, as defined in the Derry Area Plan 2011. The land benefits from Outline Planning Permission granted 30th June 2017 for a residential development of 81 units - comprising a mix of 54 semi-detached and 27 detached houses (Planning Ref: LA11/2016/0753/O).
Copy planning permission and drawings are available from the agent.
The property is held freehold or long leasehold, subject to a nominal ground rent.
We are instructed to seek offers in the region of £2.15 million (Two million, one hundred and fifty thousand pounds sterling), exclusive.
VALUE ADDED TAX
VAT status to be confirmed. For more details please contact the agent.
VIEWING DETAILS/FURTHER INFORMATION
For further information or to arrange a viewing please contact:
028 9042 8989
3 miles South of Derry/Londonderry City
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