Drum­na­greagh Ho­tel owner seeks de­vel­oper to re­store derelict site

Belfast Telegraph - Business Telegraph - - News - BY MARK ED­WARDS

THE owner of a derelict ho­tel in Co Antrim is look­ing for de­vel­op­ers to come for­ward to help him trans­form the once pop­u­lar site.

The Drum­na­greagh Ho­tel in Gle­n­arm has been derelict for more than 10 years, but a pri­vate in­vestor from the area is look­ing to part­ner with de­vel­op­ers to re­store the build­ings.

Gavin Weir, from GVA NI prop­erty con­sul­tants, said: “The site was sold dur­ing the down­turn to a lo­cally-based pri­vate in­vestor who liked the lo­ca­tion, and he is now go­ing to do some­thing more proac­tive, get plan­ning con­sent and try and de­velop the site. He has had a num­ber of ap­proaches pre­vi­ously, some of them leisure re­lated, some of them health­care re­lated and a lot of peo­ple look­ing at it as a res­i­den­tial site. It would be suit­able for all three.

“So the in­vestor has de­cided to put it out there and in­vite some ex­pres­sions of in­ter­est and then ei­ther de­velop it out with them or pos­si­bly sell the site, but he is open to a va­ri­ety of op­tions.

“It is a unique site, just off the Coast Road, so it is hard to gauge what sort of quirky uses could be done with it.”

The cur­rent owner bought the ho­tel in 2009, shortly after a fire en­gulfed the dis­used build­ing and com­pletely gut­ted the in­te­rior of the prop­erty.

It took fire crews more than 12 hours to con­tain the blaze.

Mr Weir said: “The ho­tel is com­pletely derelict, so it is re­ally a re­de­vel­op­ment op­por­tu­nity.

“You would be start­ing from scratch again.

“The orig­i­nal old house is pretty bad due to the fire a num­ber of years ago.”

He added: “The prop­erty is right on the Coast Road. The road it­self has ben­e­fited from a huge in­flux of tourists and day trip­pers, so there may be op­por­tu­ni­ties for leisure uses.

“I’m not say­ing some­one is go­ing to build a grand ho­tel again, but there maybe some­thing built, like a restau­rant or a cof­fee shop.

“Be­cause it was such a sub­stan­tial build­ing there are quite a few com­mer­cial uses for it from a plan­ning point of view.”

The prop­erty has been ad­ver­tised as a “unique coastal res­i­den­tial or com­mer­cial de­vel­op­ment op­por­tu­nity” with “un­ri­valled sea views”.

Other de­vel­op­ment op­por­tuni- ties cur­rently ad­ver­tised in­clude lands at Ban­bridge Road, in Gil­ford, Co Down.

The eight-acre site, listed by Frazer Kidd, pre­vi­ously se­cured plan­ning per­mis­sion for a hous­ing scheme, com­pris­ing of 48 dwellings, but that has since ex­pired.

An­other res­i­den­tial site has been listed at Sum­mer­hill Drive in south west Belfast near the Ste­wart­stown Road.

The 0.34 acre site, also listed by GVA NI, had been given plan­ning per­mis­sion to build 18 apart­ments in March 2017.

A prop­erty in Mar­ket Square in Lis­burn has also been listed for sale by GVA NI.

The prop­erty is suit­able for re­tail, of­fice and leisure uses and has on-site car park­ing at the rear of the prop­erty.

Mean­while, North­ern Ire­land Con­struc­tion firm Moore­field Con­tracts is build­ing a new £5m Premier Inn Ho­tel, close to Belfast In­ter­na­tional Air­port, and de­vel­op­ing a £10m ho­tel, re­tail and leisure de­vel­op­ment in Dun­gan­non.

The Drum­na­greagh Ho­tel, and in­side the aban­doned venue, which is now on the mar­ket

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