Lot 15 - 27 William Street, Cookstown, Co Tyrone, BT80 8AX

  • Unconditional Online Auction Sale
  • Guide Price* : £450,000

Guide Price* : £450,000

Mixed Use Development Opportunity

  • Town centre residential development opportunity
  • 16 no apartments and 1 no ground floor unit
  • Planning Permission passed for residential scheme

Location

Cookstown is a provincial mid Ulster town situated approximately 45 miles south west of Belfast. The property is located in a prime commercial location in the heart of the town centre between Burn Road and Orritor Street.

Description

The mid terrace three storey property currently comprises a former public house with accommodation above. To the rear of the front building is an apartment and outhouses and yard area. The property benefits from access to the rear via Burn Road and Orritor Road car park.

Accommodation

Former Central Inn
Ground floor unit (former public house) - 1,184 sqft (110 sqm).
First and Second Floors ( to be refurbished to provide 1 no one bed and 2 no two beds on each floor).

Rear of Site
3 storey development of 1 no one bed and 9 no two bed apartments (new build).

EPC

An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - D93 and E48.

Planning

The former Central Inn building has planning for alteration to provide 6 self contained units on first and second floors. Planning application reference No: LA09/2016/1137/F.

The rear of the property benefits from planning permission granted in October 2019 for a 3 storey apartment scheme providing 1 no one bed, 9 no two bed apartments with 5 no on site car parking spaces. Planning reference LA09/2018/1312/F.

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 iOK Auction website (www.iokauction.com).

Land and Property Services Rates Assessment

27 B - Capital Value £45,000 (1st floor apartment)
27 D - NAV £480

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Security Deposit

£9,520

Buyer's Administration Fee

£1,200

Guide Price*

£450,000

Vendors Solicitor

Brian MacMahon, Doris & MacMahon Solicitors, 63 James Street, Cookstown, BT80 8AE
028 8676 2484

Document Links

Related Documents

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.