Deerpark Hotel site in Antrim goes on the market for £0.6m
The site of a former landmark hotel in Co Antrim has gone on the market as a residential development for £0.6m.The Deerpark Hotel in Muckamore had been a popular destination for nights out and functions up until the 1990s.
The venue was eventually knocked down in 1997, and its former site is now on the market through commercial property agents Lisney for £625,000.
The 3.4 acre site is one mile from Antrim town and close to Belfast International Airport and the M1 and M2 motorways.
It also has expired planning permission for 39 dwellings.
Lisney surveyor Olivia Martin, who is managing the sale of the property, said: "We anticipate a high level of interest in the land from local housebuilders keen to avail of the opportunity to redevelop the former hotel site. The location, combined with flat topography and private access, make this an instruction that we don't think will be on the market for long. The location and scale of this site really add to its potential as a unique development opportunity, and it is one that we believe will garner substantial interest."
It's the latest residential site to come on the market, as the rate of housebuilding here picks up following the downturn.
New homes are being built in the province in growing numbers, with a 30% increase in new home starts to 3,223 recorded in 2015.
And while around 5,000 new homes are finished by builders in Northern Ireland every year, industry groups - including the Construction Employers Federation (CEF) - have said around 11,000 new homes are needed every year to meet demand.
John Armstrong, head of the CEF, has welcomed the increasing availability of sites. "While housebuilding has been picking up, there aren't enough houses being built - and this could be an indication that the availability of sites is now catching up." Other sites are advertised for sale this week in Business Telegraph, including 4.5 acres at Ballyheifer Road in Magherafelt and a site at Annadale Green in south Belfast.