8 Sackville Street, Derry / Londonderry, Londonderry, BT48 7BQ

Offers Over

£250,000

Typical Mortgage

per month

Development Opportunity

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Description & Features

Opportunity to develop a mixed-use scheme located in the heart of the City of Derry / Londonderry.
Recently expired full planning permission for 2 ground floor retail units & 11 apartments (reference LA11/2017/0804/F).
Freehold site extending to about 0.1 acres (0.04 hectares).
Asking price of £250,000 (Two Hundred and Fifty Thousand Pounds Sterling).
For sale by Private Treaty.

Excellent Opportunity for Potential Mixed-Use Development in City Centre

The subject site extends to about 0.1 acres (0.04 Ha), which is an irregular shape and has been cleared. The property is bounded on three sides by an Asian Food Store to the east, Jacks Bar to the west and Hogg & Mitchell Apartments to the north. The lands have frontage onto Sackville Street with access provided off the Harbour Square roundabout onto Great James Street & Strand Road.

Planning

The site recently benefitted from full planning permission Reference LA11/2017/0804/F, which has now expired. The planning covered the erection of a 5-storey building with 2 ground floor retail units and 11 apartments (9 no. 1 bed & 2 no. 2 bed apartments) accommodated on the floors above with provision of bike storage and amenity area for resident's use.

Location

Derry/Londonderry is the second largest city in Northern Ireland and is the regional capital of the Northwest of Ireland. The city is located about 70 miles (113 Km) to the northwest of Belfast and about 145 miles (233 Km) to the Republic of Irelands capital, Dublin.

The city has the benefit of excellent transport infrastructure, with the City of Derry Airport located about 7 miles (11km) to the northeast, and Belfast International Airport about 56 miles (90km) to the southeast. This ideal location offers excellent links between the Republic of Ireland and the wider UK. Transport throughout the island of Ireland is convenient due to the proximate to the A6, which provide direct access to the M2 into Belfast. Further links can be found on the A5 leading to the southwest of the province and to the west of Ireland from the N13.

The subject site is located in the centre of Derry / Londonderry with the site bounded by Sackville Street which intersects with Strand Road (east of the subject site) and Little James Street (west of the subject site).

The surrounding area is a mixture of retail and residential use with a number of retailers including Sackville Bakery, Amber Hair & Beauty, and The Craft Shop to name a few.