Prime Derry development site being sold for £1.25m

A prominent development site situated along Derry’s quayside which has sat untouched for over a decade is being sold for £1.25m.

The site has been boarded up since its buildings were demolished. The 0.76 acre site on Chandler Court 128/136 Strand Road and McFarland Quay is regarded as a prime position along the riverfront.

It sits on land which previously contained the Mandarin Palace Chinese restaurant - before its current location at Queens Quay – and is adjacent to Rock Mills Housing and Modern Tyres.

Offers of £750,000 have been made for the site in the past but it has remained unsold.

A number of years ago it was suggested on an O’Connor Kennedy Turtle property brochure that prospective buyers could look at the possibility of building a high rise apartment block.

It proposed building 160 apartment units with on-site car parking incorporated into the design.

It was also suggested the site as being ideal for a range of alternative commercial uses such as a hotel, mixed used development, leisure etc. subject to planning.