News

NEW SHOPPING CENTRE ON WAY

Wednesday, 2 August 2017

NEW SHOPPING CENTRE ON WAY thumbnailAnn Street site

AN EXCITING new commercial development is to be built on the long-vacant Ann Street site, the Courier can reveal.

It is understood Marks & Spencer has been earmarked as a potential anchor tenant at the proposed new shopping complex on the edge of Dungannon town centre.

Plans also include between 8-10 further sizeable business units and the possibility of a hotel development.

Mid-Ulster Council, which owns the land after having purchased it at the beginning of 2015, had put development of the site out for tender.

The site attracted a great deal of interest and the Council has identified a preferred bidder.

And the Courier can reveal that Castlederg based RJ McKelvey, a commercially building services firm, and Moorefield Contracts have been named as the preferred bidder.

The site, pictured above, had been marketed by the Council, which had purchased the site for 575,000, and attracted a wide range of interest.

From the dozens of expressions of interest, a number had been selected to go forward, with one rejected plan being for a massive supermarket development from a company already with a presence in the town, as well as Cookstown, Belfast and Portadown based developers.

 

It is understood any agreement would involved a payment for the site, expected to be around 700,000, and a nominal rent on a 999 year lease if the development is carried out in a manner satisfactory to the Council.

The 4.12 acre Ann Street site has lain vacant for decades after first being bought in the 1980s by Dunnes Stores.

However, the anticipated Dunnes superstore never materialised and the site, which had been cleared of houses previously situated there, lay unoccupied for decades.

It was eventually sold in June 2005 to a Northern Ireland based developer for more than 3 million.

However, plans to develop the site into a sizeable retail complex fell foul of the property crash and the site continued to fall into even greater disuse.

The former Dungannon & South Tyrone Borough Council eventually purchased the site a couple of years ago.

The 4.12 acre site was being marketed as a "unique gateway site" in the town and "provides an exciting opportunity to deliver a high quality, imaginative and sustainable mixed use development, ideally with retail, commercial, office, leisure and residential uses".

Share

Subscribe to read full newspaper »

Send to a friend

Please complete the following form to inform a friend about this page.

In order to process your information we must ask you to enter the letters in the image into the box:

CAPTCHA Image play audio version Reload Image

* Mandatory field - please complete