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DEVELOPMENT BRIEF for
EXCLUSIVE RESIDENTIAL DEVELOPMENT SITE at
HARBERTON PARK, MALONE, BELFAST 9 on behalf of
DEVELOPMENT BRIEF for
EXCLUSIVE RESIDENTIAL DEVELOPMENT SITE at
HARBERTON PARK, MALONE, BELFAST 9 on behalf of
• 16.35 Acre Site with 360m frontage to Harberton Park • 445m frontage to Balmoral Golf Course • Outline Planning Consent Granted for 140 Dwellings • Reserved Matters Application Submitted
INTRODUCTION We have been retained by the Royal Ulster Agricultural Society to present a Development Brief to interested parties for either an Outright Sale or a Site Fine development structure for the former Balmoral Show Grounds Site, at Harberton Park, Malone, Belfast, BT9. The lands which are to be offered in the Development Brief extend to approximately 16.35 acres, and benefit from Outline Planning Consent for 140 dwellings. The site has an extensive frontage to Harberton Park, and the entire development will be accessed from Harberton Park. The site also enjoys the backdrop of Balmoral Golf Course. The Malone area is one of the most sought after residential areas in Northern Ireland, and the release of the Development Brief for the Harberton Park site represents an excellent opportunity for an exclusive high quality residential development.
LOCATION The Harberton Park site is undoubtedly one of the finest residential development sites in Northern Ireland. It is located in the heart of the South Belfast mature suburb of Malone, which would be regarded as an exceptionally sought after residential location. The setting of the site in Harberton Park provides easy access to Balmoral Avenue, Lisburn Road and the Malone Road. The City Centre, M1 Motorway and Outer Ring are within easy access. Public transport is available within close proximity with a main bus route on Lisburn Road, and a railway halt at Balmoral (Upper Lisburn Road), within a short walking distance. The nearby Lisburn Road provides for an exceptional array of social amenities including restaurants, bistros, and wine bars; in addition to convenience and specialist shops and boutiques. A choice of excellent Primary and Secondary Schools; and sporting / recreation amenities are also available in the immediate area including Balmoral Golf Club, Malone Golf Club, Dunmurry Golf Club, Mary Peters Track, Queens University Sports Complex, Barnett’s Demesne, Lagan Valley Regional Park and Lady Dixon Park. The mature setting and prime location of this site amidst the array of facilities detailed above, are the principal reasons for the esteem with which the Malone area is held; and the reason why it has been one of the most sought after, aspirational areas in Northern Ireland, for house buyers for many decades. In addition, the fact that the majority of the Malone area is designated as a Conservation area, and the limited availability of any larger scale parcels of zoned residential lands, combine to render this as one of the only development opportunities for exclusive housing in Malone for several decades, and one which will not be available again for many years.
Site Location Map
THE HARBERTON PARK SITE The site area extends to approximately 16.35 acres (6.6 hectares). • 360m frontage to Harberton Park. • 445m frontage to Balmoral Golf Course. The site benefits from Outline Planning Consent for 140 dwellings, and a Reserved Matters Planning Application has now been submitted. The proposed development layout provides for 19 houses along the Harberton Park frontage with each house benefitting from a private driveway directly off Harberton Park. It is a condition of the Outline Planning Consent that the Harberton Park frontage houses must be constructed at the first phase of the development prior to any further construction on the lands to the rear. The site also benefits from an attractive backdrop of Balmoral Golf Course. The site is a level site with all mains services readily available.
Existing Harberton Park streetscape
Full particulars in relation to the current planning status, relevant drawings, and services details are all available on the Harberton Park online Data Room.
PLANNING Outline Planning Consent was granted for 140 dwellings on 4th June 2009. • Reference: Z/2003/1697/0 A Reserved Matters Application was submitted for 140 dwellings on 30th May 2012. • Reference: Z/2012/0645/RM (Lands south of 25 Harberton Park, Belfast). Demolition of existing buildings and erection of residential development comprising 140 units.
This application is currently at an advanced stage with the Department of Environment Planning Service and a formal decision is anticipated mid 2014.
House Type Detached Semi-Detached Apartments TOTAL
HOUSING MIX Total No. of Units 38 78 24 140
% 27% 56% 17% 100%
Reserved Matters Planning Application Site Layout Plan
Harberton Park proposed streetscape
Type HT 1
Type HT 3
Type HT 2
Type HT 4
TERMS OF DEVELOPMENT BRIEF We have been retained by the RUAS to invite proposals from interested parties for either: 1.
A SITE FINE DEVELOPMENT BRIEF FOR THE HARBERTON PARK SITE.
OUTRIGHT SALE OF THE SITE OF THE HARBERTON PARK SITE.
CRITERIA REQUIRED FROM INTERESTED PARTIES 1.
SITE FINE DEVELOPMENT BRIEF • Name of Development Company. • Financial profile of Development Company. To be prepared by the Company’s Bank / Funder and relate directly to the RUAS / Harberton Park proposal. • Details of Solicitor who will represent Development Company. • Details of experience in the residential development sector, and schedule of recently completed developments. • Details of level of initial payment to be made to the RUAS on entering the Site Fine Agreement, and completion of all legal due diligence. The minimum level of consideration that will be acceptable to the RUAS on acceptance of Site Fine and Legal Agreement will be £1,000,000, which will be a non refundable payment. • Percentage site fine payment to be offered to the RUAS and details of proposed payment schedule. - Site fine payments per unit sale - Defined site fine payments per annum. • Minimum financial consideration of site fine payment per unit site to the RUAS. • Minimum total revenue for overall site to the RUAS. • Minimum number of site fine payments to the RUAS per annum. • Minimum financial return to the RUAS per annum.
• Potential tiered site fine structure indicating increased percentage return to the RUAS beyond development value threshold levels. • Confirmation that the site will be developed in accordance with the Outline Planning Consent / Reserved Matters Planning Application. • Confirmation of timescale to commence works on site, post award of development agreement and receipt of Reserved Matters Planning Approval. • Confirmation that all professional fees, marketing costs, construction and development costs, and all statutory charges will be borne by the prospective Developer. • Defined programme for development of site and confirmation of long stop date for full payment of site. 2.
OUTRIGHT SALE OF SITE • Name of purchaser. • Proof of funds from Bank to confirm that adequate funds are available to complete the purchase at offer level. • Timescale to complete the purchase transaction, post acceptance of offer. • Details of offer level. • Details of Solicitor who will represent the proposed purchaser. • Confirmation that the site will be developed in accordance with the Outline Planning Consent / Reserved Matters Application. • Details of experience in Residential Development Sector, and schedule of recently completed developments. • Proposed timescale to complete development of site.
The RUAS and its agents are not obliged to accept the highest offer for either a site fine proposal or outright sale, and all of the criteria detailed above must be completed and will form the basis of the selection of the preferred developer / purchaser. The RUAS and its agents may shortlist preferred developers from the initial development brief. The RUAS may invite the shortlist of developers to provide a refined proposal, and to make a formal presentation to the RUAS Finance Committee and BTWShiells.
AERIAL SITE IMAGES
OVERALL RUAS SITE The 16.35 acre Harberton Park forms part of the overall RUAS Kings Hall / Harberton Park site, which totals 32 acres. Interested parties may submit proposals for the overall site, however must separately define their financial proposal for the Harberton Park site as detailed in the Development Brief.
TENURE The site is comprised in two Land Registry Folios and consists of all of the lands in Folio AN176775 County Antrim and part of the lands comprised in Folio AN176777 County Antrim. Each folio is freehold. A full legal pack including Title Summary and relevant extracts from Title Documents prepared by Johns Elliot Solicitors can be viewed in the Data Room.
SOLICITORS The solicitors acting on behalf of the RUAS are: Johns Elliot Solicitors 40 Linenhall Street Belfast BT2 8BA
PROGRAMME FOR SUBMISSIONS All submissions must be made to BTWShiells, 525 Lisburn Road, Belfast, BT9 7GQ, for the attention of Simon Brien. Proposals must be received on or before 12:00 hrs on 2nd May 2014.
DATA ROOM All relevant legal, planning and architectural documentation relating to the Harberton Park Site can be viewed in the Data Room: 1.
Terms of Development Brief
Architecture, Site Layout & House Types
All Relevant Legal Documents
The Data Room can only be accessed following registration of interest to the BTWShiells / Harberton Park site team.
FOR FURTHER INFORMATION Inspection of the site is strictly by private appointment with BTWShiells, 525 Lisburn Road, Belfast, BT9 7GQ. For private consultation with BTWShiells Harberton Park Team, please contact:
BTWShiells Resiential for themselves and for the Vendors or Lessors of the property whose agents they are give notice that; i) these particulars are given without responsibility of BTWShielllsResidential or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) BTWShiells Residential cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of BTWShiells Residential has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) BTWShiellsResiential will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.