Commercial Lands Adjacent To Dundooan Road, Coleraine, Londonderry, BT52 1SF

Offers Around

£2,400,000

Typical Mortgage

per month

Agricultural Land

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Description & Features

Included within Atlantic Link Enterprise Zone designation
Land extending to approximately 30 acres
Road frontage onto the Dundooan and Kiltinny roads
Comprising 2 good sized fields.
Benefits from The Capital Allowances (Designated Assisted Areas) Order 2016
Enclosed by blackthorn hedging

LOT B – Residue Lands which extend to circa 29 acres.

Location:

Lands are location off the Dundooan Road which is accessed from the Cromore Road and is adjacent to the University of Ulster Coleraine Campus.

Description:

The lands are in 2 parcels and extend to approx. 30 acres. The lower portion of the lands includes the landing station for Project Kelvin. This is let to Hibernia on a commercial lease.

The lands which are flat are currently in grass and have frontage to the Dundooan Road. The upper lands are adjacent to a range of poultry housing and the lower lands adjoin the campus of the University of Ulster.

Enterprise Zone:

The initial phase of the Enterprise Zone is currently underway at a site under the control of the University of Ulster. Atlantic Link Campus's anchor tenant 5NINES, NI's first carrier neutral centre opened in 2018.

The lands being marketed represent a further area of the designated Enterprise Zone. They are clearly demarked in Capital Allowances (Designated Assisted Areas) Order 2016 as being designated assisted areas for the purposes of section 45K of the Capital Allowances Act 2001. This order provides for 100% first year capital allowances (FYA's) for companies investing in plant or machinery for use primarily in designated areas within Enterprise Zones (subject to conditions being met).

Atlantic Link Enterprise Campus:

The Atlantic Link Enterprise Campus represents Northern Ireland's first Enterprise Zone. The new enterprise zone, adjacent to the Ulster University Coleraine Campus is a core element of the Causeway Coast and Glens Borough Council's vision for a digital Causeway aimed at attracting major foreign direct investment. The tenants will benefit from Enhanced Capital Allowances and the fastest high speed connectivity point between North America and Europe via the Project Kelvin, a high speed transatlantic fibre. Project Kelvin allows data to cross the Atlantic in 0.066 of a second.

Foot Note:

** It would be advisable for any prospective purchaser to contact their accountant for clarification on Capital Allowances legislation.