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Lot

7

1, 3, 5, 5A and Site Greenmount Park, Coleraine, Co. Derry / Londonderry, BT51 3QL

Bidding Closed

SOLD FOR

£265,000

Property Enquiries

Richard O'Neill

Richard.O'Neill@bidx1.com
+44 (0)20 3912 6260

Viewings/Registration Enquiries

BidX1 Support Team

info@uk.bidx1.com
+44 (0) 20 7703 4401

Vendor Solicitor

Cary Geraghty

Cary.Geraghty@arthurcox.com
0044 28 9023 0007

Description

Map

Viewings


Property Summary
  • A multi-unit residential development.
  • Comprising 3 x houses together with a site.
  • The houses comprise three, four, and five bedroom accommodation.
  • Site area extending to approximately 0.37 hectares (0.92 acres).
  • Two x houses subject to tenancies.
  • Five bedroom house & site vacant.
  • Potential for residential development (subject to obtaining all necessary consents).
  • Total current rents reserved £9,345.45 p.a.
Tenure

Freehold.

Location

Introduction: One of Northern Ireland’s leading provincial towns and regional administrative centre for the North East of the Province.

Population: 24,000 (2011 Census).

Situated: Derry / Londonderry - 30 miles west, Belfast - 55 miles south east.

Roads: A37, A26, A29.

Rail: Coleraine Train Station.

Situation

The property is situated on Greenmount Park, which itself is situated to the west of Dunhill Road, to the south of the town centre.

Description

The Lot comprises Two x semi -detached houses, and One x detached house, together with a site to the rear. A schedule of accommodation & tenancies is set out below:

Zoning

The subject is zoned as ‘White Land’ within the Limit of Development for Coleraine as designated within the Northern Area Plan.

Planning

Planning permission was granted on 29.09.2001 for the construction of 4 no semi-detached 2 storey dwellings and 1 no detached 1 1/2 storey dwelling with associated car parking and access into Greenmount Park.

Planning reference: C/2011/0157/F

Property Table
No.  Accommodation  Size Sq. m  Size Sq. ft Tenancy  Current Rent Reserved 
1 Three bedrooms kitchen, reception room, family bathroom 56 sq. m 602 sq. ft Informal tenancy £5,013.33 p.a. 
3 Four bedrooms, kitchen, dining room, reception room, family bathroom 75 sq. m 807 sq. ft Informal tenancy £4,332.12 p.a. 
5 Five bedrooms, kitchen, reception room & family bathroom 86 sq. m 925 sq. ft Vacant -
  Total 217 sq. m 2334 sq. ft   £9,345.45 p.a. 

NB: The property was not internally inspected or measured by BidX1, all measurements quoted are approximate. 

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted "subject to contract". Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,000 (inclusive of VAT) charged by BidX1. In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. A minimum participation fee of £4,500 must be paid by all bidders who wish to partake in the auction. A participation fee of £4,500 is comprised of the £1,000 (inclusive of VAT) administration fee payable directly to BidX1 and £3,500 relating to your bidder security (partial deposit payment). A higher participation fee may be payable depending on the reserve price of the Lot. However, even in those circumstances, the administration fee shall remain at £1,000 (inclusive of VAT). The participation fee is fully refundable if you do not make the successful bid in relation to a Lot at auction. If you make a successful bid in relation to a Lot at auction your participation fee is non-refundable.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.