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Festival Rd
0.67 Acres of Commercial Land Offered at £10,000 in Craigavon BT63 5HG
Investment Highlights
- Potential for residential development
- Flat, partially tarmacked land
- Located within busy residential area
Executive Summary
LAND AT FESTIVAL ROAD, PORTADOWN
We have now been instructed to set a closing date on the above land, please find the closing date information below.
We also would like to highlight the following information;
Any bids must be cash, unconditional and be able to complete in 8 weeks or less once in legals
The site has previously been refused for planning for 7 houses
NIHE have received a planning opinion that the site may not be suitable for even 1 house due to crown spread of the trees to the rear of site.
We would recommend that all parties seek their own planning opinion in relation to any proposal for the land.
Initial bids must be placed prior to 12 NOON ON TUESDAY 26TH MARCH 2024 ensure inclusion in the next round of bidding.
We will only be accepting further bids after this date from parties who have already made an initial bid, providing the info below.
A bid must include the following;
The proposed offer amount in pounds sterling.
Confirmation that you can complete within 8 weeks of the issue of the contract pack
Proof of funds must be provided, by way of a bank statement or confirmation of funds letter from your bank, accountant or solicitor.
Purchaser name and full contact details.
Purchaser ID – passport / driving licence & utility bill (dated within the last 2 months)
Your solicitor details.
Property Facts
| Price | £10,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Tenure | Freehold | Total Lot Size | 0.67 AC |
| No. Lots | 1 |
| Price | £10,000 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.67 AC |
1 Lot Available
Lot
| Price | £10,000 | Lot Size | 0.67 AC |
| Price Per AC | £14,925 |
| Price | £10,000 |
| Price Per AC | £14,925 |
| Lot Size | 0.67 AC |
The subject land extends to c. 0.67 acres (0.27 Hectares) and runs adjacent to Festival Road. The land is flat in topography, comprising a mix of tarmac and grass surfaced areas.
Description
The subject land is located in Portadown, which is approximately 24 miles south-west of Belfast and 10 miles north-east of Armagh. The subject land is located on the Festival Road, less than 1 mile from the town centre. Festival Road runs through a densely populated housing estate and is in close proximity to a number of local amenities such as Portadown College, Killycomaine Community Centre and Edenderry Primary School.
Presented by
Festival Rd
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