Business

Bay Road fuel yard next to Derry's Fort George site on the market for £2.5 million

The site on Derry's Bay Road, now on the market.
Ryan McAleer

A SEVEN-acre fuel depot next to the site of Derry’s proposed new £70 million city-side health hub has gone on the market for £2.5m.

The Bay Road coal yard is located close to the Strand Road in Derry, facing onto the River Foyle.

It lies across the Pennyburn Inlet from Derry’s Catalyst innovation hub and the Fort George site, which is earmarked for significant new health development in the city.

The site has long been used as a fuel depot. But last year hundreds of people in Derry put their name to a petition objecting to a bid for a coal screening operation on the site.

With the lease on two-thirds of the site due to expire in April 2022, it’s now on the market for £2.5m.

Although zoned as ‘white land’ the fuel yard could have development potential, particularly with the progress on the Fort George site.

The Department for Communities decision to sell part of the site to the Western Trust in March marked the latest step in the ambitious project.

The land on the river front of the Bay Road coal yard was also recently acquired for the new cross border cycle network, which will include a new pedestrian and cycle bridge across the Pennyburn Inlet.

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Business