Cregg Mills, Cregg Road, Claudy, Londonderry, BT47 4HX

Offers Over

£250,000

Typical Mortgage

per month

Commercial Property

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Description & Features

Authentic 18 & 19th Century Mill Structures with original industrial features.
The site is located in a tranquil, protected landscape with riverfront views of the River Faughan.
Historic mill race and sluce system.
Potential for restoration of Mill Race for hydrelectric power generation.

For Sale - on behalf of Claudy Rural Development Ltd
Valuable Opportunity Site situated at Cregg Road, Claudy

The sale includes an interesting rural development site of approximately 2.5 acres set in a picturesque countryside setting along the River Faughan. Located on the site is an historical 1773 Paper Mill expanded in 1831 to include a Kiln, Wash & Beetling Mill and eventually operated as a Corn & Flax Mill and finally converted to a Flax Mill, Saw Mill & Electricity Generating Station, pioneering renewable energy. Also included is a two storey dwelling (currently tenanted) which is attached to a pair of two storey cottages in need of full restoration; and a single storey miller's cottage which may also be suitable for restoration.

This is a rare opportunity to acquire a unique and historical local landmark offering a range of development opportunities and possibilities for the potential buyer.

OTHER ACCOMMODATION -:

Attached Dwelling House: (attached to pair of stone cottages)

Approximately 25 years old and currently tenanted; comprising 2 receptions, kitchen, 3 bedrooms and Bathroom. Oil fired central heating.

Pair of Two Storey Cottages:

May be suitable for restoration.

Miller's Cottage:

Single storey cottage in need of total restoration subject to the necessary approvals.

Building Sites:

There may be a possibility of 2 building sites subject to the necessary planning permission, which have been part developed but no official paperwork is available.

CAUTION:

Please not that the structure of the Mill buildings are quite precarious due to the alterations that have been made and the removal of its internal structure. We would recommend that extreme caution is taken when viewing same.

IMPORTANT NOTES:

None of the structures which form part of Cregg Mills is a 'listed building' with statutory protection but the complex is recorded in the Industrial Heritage Record: IHR = 0192800000.

POSSIBILITIES:

The site would lend itself to a range of development opportunities (subject to planning permission) to include -:
- Guest Lodges or self-catering retreats within a stunning historic setting.
- Exclusive private residential redevelopment.
- Low-impact glamping or nature retreat within the picturesque valley.
- Restoration of the Mill Race for hydroelectric power generation.

VIEWING:

Viewing is 'STRICTLY BY APPOINTMENT ONLY via the selling agent -:
Contact either Mr C Henry or Mr T Whitehead at Bensons T: (028) 7034 3677