Ground rent at quarry for sale as in­vest­ment

Belfast Telegraph - Business Telegraph - - News - BY STAFF RE­PORTER

A GROUND rent in­vest­ment in a Co Down quarry has gone on the mar­ket for £3.9m.

Com­mer­cial prop­erty agency CBRE has been in­structed to sell the 50% in­ter­est in the ground rent of Cashel Quarry.

The quarry at Lis­doo­nan on Belfast Road in Saint­field is let to tenants Ready Use Con­crete, Ach­e­son & Glover, Con­expo and Daw­son WAM.

CBRE said the site was made up of “a work­ing quarry with an­cil­lary ac­com­mo­da­tion, sit­u­ated on a site of circa 67 acres”.

“We are in­structed to seek of­fers in ex­cess of £3.9m ex­clu­sive,” CBRE said.

Mean­while, O’con­nor Kennedy Tur­tle is sell­ing a res­i­den­tial de­vel­op­ment site in Bal­lykelly. The site faces the A2, which leads to the north coast.

It has plan­ning per­mis­sion for 21 homes, with five of the homes de­tached and 16 semi-de­tached.

OKT said: “The site ex­tends to circa two acres, is rec­tan­gu­lar in shape with a to­pog­ra­phy that pro­vides for ease of de­vel­op­ment and is ready for im­me­di­ate de­vel­op­ment.”

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