For Sale 20 acres of Residential Development Land Site of Former

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commer cial
property
consultants
028 9024 7111
www.tdkproperty.com
For Sale
20 acres of Residential Development Land
Site of Former Gorteen House Hotel
Limavady
Full Planning Application Submitted for 162 no. residential units
(B/2010/0027/F)
Offers in the region of £850,000
commer cial
property
consultants
028 9024 7111
location
Well positioned on the edge of the market town of Limavady. The subject lands lie to the South West, just minutes
from the town centre. Close at hand are a number of amenities, which include St. Mary’s High School, Limavady
High School and Limavady Grammar School. The popular Roe Park Hotel Golf & Spa Resort is also in close proximity.
A number of Northern Ireland’s popular North Coast tourist attractions, are just a short distance away.
description
Lands extending to c. 20 acres which formerly comprised the Gorteen House Hotel (now demolished). The lands have
a frontage of c. 475 metres onto the Roemill Road and Ballyquin Road.
The lands are relatively flat in topography and under the Draft Northern Area Plan 2016 are zoned for Phased 2
Housing (Zone LYH 21).
planning
The subject lands formerly benefited from Outline planning permission for the development of a mixed use scheme to
include;
• 598 no. residential units
• Health and well-being facilities
• 94 no. bed residential care home and other community uses
Granted under application B/2010/0440 in October 2011 (Now Expired).
This also encompassed c. 50 acres of adjacent lands under separate ownership.
A further planning application was submitted in February 2010, for the subject land alone, for the development
of 162no. residential units and ancillary development (application B/2010/0027/F). This remains undetermined at
present.
Subject outlined in red
Indicative Master Plan
commer cial
property
consultants
028 9024 7111
title
Assumed Freehold or Long Leasehold, subject to a minimal ground rent.
price
Offers are invited in writing before 12 noon 14th May 2015 in the region of £850,000.
vat
We have been advised by HMRC that they have not been notified of an Option to Tax over this asset.
All prices and outgoings are quoted exclusive of, but may be liable to Value Added Tax
commer cial
property
consultants
028 9024 7111
viewing/contact
Contact Telephone Email Stephen Deyermond
028 9089 4065
stephen.deyermond@tdkproperty.com
Contact Telephone Email Ashley Black
028 9089 4068
ashley.black@tdkproperty.com
TDK for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of TDK or the
Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) TDK
cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any
prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy
of each of them; iii) no employee of TDK has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property;
iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable
VAT position, if necessary by taking appropriate professional advice; v) TDK will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.
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187 Roemill Road, Limavady