News

Retail Boost

Wednesday, 17 January 2018

THE long-awaited development of Dungannon's Ann Street is understood to be set to get underway by the end of this month, the Courier can reveal.

Work is due to commence before January is out, with Mid-Ulster District Council said to be hopeful digging on site can get underway within the next three weeks.

It is exciting news for the town as the major commercial development should include around 10 sizeable business units with two anchor tenants.

And one of these is expected to be Marks & Spencer, while a hotel development remains part of plans for the long vacant site.

Dungannon & South Tyrone Borough Council purchased the land three years ago, with the ground passing into the hands of the newly-formed Mid-Ulster Council a few months later.

And last year Mid-Ulster Council had put the development of the site out to tender.

The site attracted a great deal of interest with the Council awarding the contract to Castlederg-based RJ McKelvey, a commercial building services firm, and Moorefield Contracts.

Council had purchased the site for 575,000 and has sold on the ground for around 700,000 with a nominal rent on a 999 year lease.

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 in early 2015.

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".

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