the development site is prominently located fronting the A2 Bangor Road in close proximity to Cultra. Belfast city centre is located 8 miles (1.3 km) to the east. The surrounding area is primarily low density dwellings as as well as the Culloden Hotel and Royal Belfast Golf Club.
The opportunity comprises a large mature site which includes no.s 1, 2, 3 and 5 Glen Cottages. the site is irregular in shape with a sloping typography away from the main Bangor Road and bound by mature trees and vegetation. As part of the proposed development we understand no.s 1 and 2 are to be demolished with no.s 3 and 5 being retained. We have not inspected the dwellings internally but understand the retained units each provide a living room, dining room, kitchen, bathroom and two bedroom, and will need to be refurbished.
Site area
1.37 acres (0.55 hectares)
An Energy Performance Certificate (EPC) will be available as part of the legal pack. EPC - F30/E54
We understand the site has planning permission granted in March 2015 for the demolition of no.s 1 and 2 Glen cottages and replacement with two detached dwellings with detached garages under planning reference W/2014/0043/F. We understand the proposed dwellings extend to approximately 2,658 sq ft and 2,545 sq ft. Interested parties are advised to make their own independent enquiries in this regard.
Capital Value: No. 1 - £110,000 - Rates payable for 2018/2019: £829
Capital Value: No.s 2, 3 and 5 - £104,000 each - Rates payable for 2018/2019: £784 each
* 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.
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