Belfast Telegraph

Land and apartments on offer at auction

The Laharna apartment development in Larne
The Laharna apartment development in Larne

By John Mulgrew

A collection of Co Antrim apartments, several large plots of development land and a former school playground are among more than 40 lots due to go under the hammer in Belfast next month.

Lambert Smith Hampton is holding a major property auction at the Europa Hotel on October 6.

In includes a range of residential investment properties along with several plots of land, across a total of 42 lots.

In Larne, eight apartments in the Laharna Building are being sold off across three separate lots.

The largest includes six apartments, which are being sold off with a maximum reserve of £330,000.

Meanwhile, investors or home-buyers looking for a cheap south Belfast property could be in luck with a three-bed semi-detached house on the Lisburn Road.

The property is situated on Marguerite Park, close to its junction with Upper Lisburn Road.

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It’s being sold with a maximum reserve of £130,000.

Elsewhere, a playground at the former Drumlegagh Primary School in Newtownstewart, Co Tyrone is also being sold for £15,000.

The 0.22 acre plot fronts the Archill Road and was formally used as a hard standing playground.

In Downpatrick, 17 to 22 Hunter’s Mill is also on sale. The property is situated in a residential development known as Hunter’s Mill on Stream Street. It’s being put to auction with a maximum reserve price of £65,000.

In Belfast, ground floor units at Whitehall Square on the Donegall Road are being sold off.

The property comprises a parade of ground floor retail units extending to approximately 689 sq m. They are being sold off with a reserve price of £150,000.

Elsewhere in the city, a tranche of land which sits beside the M3 motorway is being sold off for £400,000.

It sits on Scrabo Street, with frontage onto Middlepath Street. The property is situated to the east of Belfast city centre and around 0.3 miles to the south of the Odyssey Arena and Titanic Quarter.

And a large plot of land outside Newry is also being sold off as part of the auction.

The lands are located at Carnbane Industrial Estate and occupy a “prominent location being positioned between Shepherds Way and Carnbane Gardens”, according to Lambert Smith Hampton.

The area is being auctioned off with a maximum reserve of £280,000.

Meanwhile, a report from Lambert Smith Hampton last month has said the value of sales in Northern Ireland’s commercial property market have more than halved in value in the 12 months since the vote for Brexit.

However, it says the commercial property investment market is showing signs of bouncing back in the second half of 2017, after hitting five year lows in the first six months of the year.

Belfast Telegraph