Development Opportunity In Portaferry For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this fantastic development opportunity on the site of "The Milestone" in centre of Portaferry. Currently trading as a pub, plans have been drawn up for a replacement dwelling comprising of a block of apartments:
Apartment No. 1 - 1 bed 525 sf Apartment No. 2 - 1 bed 425 sf Apartment No. 3 - 1 bed 525 sf
Apartment No. 4 - 2 bed 802 sf Apartment No. 5 - 3 bed 787 sf Apartment No. 6 - 3 bed 745 sf

These are currently expected to achieve between £160,000 and £200,000 and therefore present a great investment for any developer. The alcohol licence is not in the asking price, but is available for purchase to an interested party in conjunction with the property. SBS is in possession of copies of these plans and they will be made available to interested parties. We expect interest in this site to be high so advise early discussions so as not to disappoint.

Property information

Property:

Freehold

Lease terms:

Freehold

Location:

"The Milestone" which is locally known by its original name, "The Quiet Man", is located on Church St in the picturesque town of Portaferry on the Ards Peninsula in County Down. The town lies about 20 minutes from Newtownards and 50 minutes from Belfast. Portaferry is famed for its beautiful coastal scenery, the ferry service connecting it to Strangford in South Down and the Exploris Aquarium. The original town of Portaferry has been declared a conservation area and has a history dating back to the original settlements in Ireland. Increasingly popular with tourists, this town is a great place to invest as the Northern Ireland tourist market is set to grow exponentially.