Price Now Reduced

FOR SALE Residential development site extending to c. 16.9 acres, benefitting from full planning permission for 166 No. Units Gortinure Rd, Newbuildings, / Londonderry LOCATION & DESCRIPTION

Londonderry / Derry City is located approximately 70 miles North West of and c. 147 miles from Dublin. The nearest major towns are Letterkenny c. 23 miles, c. 30 miles and Omagh c. 34 miles, with Derry / Londonderry 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 ’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 c. 7 miles east of the City, with hourly train services to Belfast from 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 comprises a substantial development opportunity extending to c. 16.9 acres.

The lands are currently utilised for agricultural purposes, being laid in grass. The land benefits from good road frontage onto the Gortinure Road SUBJECT SITE providing all necessary visibility splays for proposed development.

The site is located in an established residential area, with existing housing developments located to the west of the site. These comprise of single storey detached bungalows at Silverbrook Park and two storey terrace dwellings and bungalows at Primity Park and two-storey terrace dwellings at Primity Crescent.

FROM FROM FROM WITH DERRY/LONDONDERRY STRABANE LETTERKENNY FULL PLANNING

MILES C. 8 MINS DRIVE ACRES MILES C. 17 MINS DRIVE FOR 166 NO. UNITS 4 11 23 MLES C. 38 MINS DRIVE16 .9

PLANNING

The site currently has planning permission for 166 No. residential units (Planning Ref: A/2004/0462/F). A planning application has been submitted to improve the mix of the scheme by reducing the density on the site from 166 No. units to 148 No. units. A positive decision on this application is anticipated in the coming weeks.

We anticipate the 148 No. units will consist of:

• 17 No. Detached homes • 96 No. Semi-detached homes • 35 No. Townhouses 166 No. Units

Planning Ref: A/2004/0462/F

148 No. Units Planning Ref: A/2010/0489/F

SALES DETAILS

PRICE: Offers in excess of £1,600,000 (Price Reduced)

TITLE: Freehold

FROM

VAT

All prices, outgoings etc are exclusive of, but may be subject to VAT.

FURTHER DETAILS

O’Connor Kennedy Turtle O’Connor Kennedy Turtle 22 Adelaide Street 20 – 22 Stable Lane Belfast Coleraine BT2 8GD BT52 1DQ T +44 (0)28 9024 8181 T +44 (0)28 7034 4244 E [email protected] E [email protected]

CONTACT: CONTACT:

MARK PATTERSON MICHAEL BURKE E [email protected] E [email protected]

Our Ref: MP/JP/8194

OKT for themselves and for the Vendors or Lessors of this property whose agents they are give notice that (i) the particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute, nor constitute part of, an offer at contract (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but their accuracy is not guaranteed and any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them (iii) no person in the employment of O’Connor Kennedy Turtle has any authority to make or give any representation or warranty in relation to this property. (iv) OKT have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.