Lot 8

Lands at Obins Street

Portadown, BT62 1DB

Residential development opportunity STPP

Guide Price*
£150,000
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Security Deposit

£5,000

Buyer's Administration Fee

£1,200

Vendors Solicitor

Kirsty Mairs, DWF (Northern Ireland) LLP, 42 Queen Street, Belfast, BT1 6HL
028 9027 0088

Agreement Documents

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Key features

  • Site extends to 1.6 acres
  • Edge of town centre opportunity
  • Suitable for residential development STPP

Description

The development opportunity extends to 1.6 acres and is irregular in shape. The site has good frontage onto Obins Street and is also accessible via Curran Road. A block of terrace housing is adjacent to the site. The brownfield site has been cleared. The site sits adjacent and to the east of the site is the railway line and bridge.

Viewing

Contact Savills Auction Team.

Planning

The land previously benefited from planning permission for “Mixed use development comprising 36 no. residential units and a retail/ commercial building, including access amendments to Curran Street and associated landscaping.” Planning Ref: N/2009/0729/F

The site lies within the development limit for Portadown and has been identified as a Development Opportunity within the Craigavon Area Plan 2010.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the Savills website (niauctions.savills.ie).

Additional information

Accommodation

Site Area 1.6 acres

The property is located in Portadown which is a regional town in Co Armagh. It sits approximately 24 miles southwest of Belfast City Centre. The town is highly accessible with good connectivity to the M1 motorway and the Belfast – Dublin railway line.
The property is located on Obins Street adjacent to the railway station and in close proximity to the town centre amenities. The area is primarily residential housing with some commercial occupiers.

An Energy Performance Certificate (EPC) is not required.

If no EPC rating appears please refer to the legal pack.

•Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

•The reserve price is the minimum price at which the property can be sold.

•Both the guide price and reserve price may be subject to change up to and including the day of the auction.

•For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

Please note that all prices listed, whether prior to or post auction, are subject to contract.

The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.