- 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.
See brochure for Proposed Accommodation details.
The subject site extends to 0.03 acres (0.012 ha).
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).
Price: Offers in the region of £165,000
Title: Assumed Freehold / Long Leasehold
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.
All prices, charges and rentals are quoted exclusive of VAT, which may be payable
© OKT 2013