Co. Down, BT34 1BT
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|Address||Martins Lane, Newry|
|Price||Guide price £350,000|
|Land type||Agricultural Land|
Martins Lane, Newry
From the Dorans Hill/Chancellors Road exit on the A1, take the Doran’s Hill exit and continue towards Patrick Street. Take first left onto Martins Lane and travel 0.3 miles and the land is on the left hand side, less than 0.75 miles off the A1.
The land consists of three fields and a small area of former outbuildings, comprising in total approximately 12.42 acres (5.02 Ha).
Two of the three fields have frontage to Martin’s Lane, along the line of the current Development Zone as designated by the Banbridge/Newry and Mourne Area Plan 2015.
In recent years the annual conacre rent received on these lands has amounted to approximately £1,625.
The lands are being offered with vacant possession.
Longer term investors may be attracted to these lands in the hope that the Development Zone may be extended to include part or all of this land as time progresses.
More proactive investors may prefer to make submissions to the local Planning authorities in an attempt to influence the future rezoning process.
Whilst the agents invite offers from interested parties for this property initially on a private basis, we reserve the right on behalf of the Vendors to conclude the bidding (if necessary) by holding a meeting of all bidders on a specified date and time in our office.
In the event that a meeting is to be arranged, only those parties with a valid offer on the property can be assured of being notified of the specific time and date.
By inspection at any time.
Andrew Ferguson, Fisher Mullan, 8 Trevor Hill, Newry.
Offers in excess of £350,000
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