O'Connor, Kennedy, Turtle

372 Newtownards Road Belfast, County Antrim, BT4 1HG

Ref: 8330 for sale
Key Features
  • Prominent Re–Development Opportunity with Full Planning Permission

in the region of £165,000.00

Prominent Re–Development Opportunity with Full Planning Permission

The Newtownards Road is one of Belfast’s primary eastern arterial routes, benefitting from high levels of passing vehicles and pedestrian traffic.

The subject occupies an extremely prominent location in close proximity to Connswater Shopping Centre and Retail Park, whose occupants include Argos, B & M Bargains, The Range, Lidl, Boots, Poundstretcher, McDonalds and KFC.

The property is located on the Newtownards Road with return frontage onto Welland Street, directly opposite the Albertbridge Road junction.

The existing accommodation is arranged over ground and first floor level and was previously utilised as a retail unit with ancillary storage.

The subject property benefits from full planning permission for demolition of the existing building and construction of a 4 storey mixed use scheme comprising ground floor retail unit with ancillary accommodation and 7 No. one bed and 2 No. two bed apartments arranged over the upper floors.

The immediate vicinity has recently benefitted from significant investment and regeneration to include the £2.5M development of CS Lewis Square, the public space comemorating the Belfast born ‘Chronicles of Narnia’ creator, the completion of the Connswater Community Greenway, the newly opened Pott Kettle Black, a popular restauant situated within refurbished shipping containers and the continued transformation of the Connswater Shopping Centre and Retail Park.

Accommodation

See brochure for Proposed Accommodation details.


Site & Proposed Development

The subject site extends to 0.03 acres (0.012 ha).


Planning

The site benefits from full planning permission for the demolition of the existing retail unit and construction of a 4 storey building comprising ground floor and retail area and 9 No. upper floor apartments – Planning Ref: Z/2015/0282/F (Dated 4th August 2016).

Sales Details

Price: Offers in the region of £165,000

Title: Assumed Freehold / Long Leasehold

NAV / Capital Value

We are advised by the Land and Property Service that the NAV’s are as follows:

Shop / Store: £11,000

Advertising Site: £1,000

The current rate in the pound for 2018 / 2019 is £0.602803.

VAT

All prices, charges and rentals are quoted exclusive of VAT, which may be payable


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