- Prestigious Residential Development / Conversion Opportunity for sale extending to c. 1.3 acres
The subject property is located on the junction of Carolan Road, Ormeau Road and Ravenhill Road in one of Belfast’s most sought after residential areas.
The subject property will be accessed from Carolan Road and will benefit from being an entirely self contained holding.
The holding occupies a site of c. 1.3 acres and comprises the former Good Shepherd Centre, a gate lodge, car parking and landscaped gardens.
The Good Shepherd Centre comprises a four storey building formerly used for office accommodation, with access available from two main entrance lobbies. The building was constructed in the 1850s with the external walls of a solid masonry construction comprising sandstone detailing.
The office accommodation is arranged over ground, first and second floors with storage space found in the attic. The accommodation comprises a number of cellular offices, with larger meeting rooms, staff facilities and WCs throughout. The property is heated by way of gas fired central heating system which was installed in 2008.
The Gate Lodge which is leased to the Belfast Buildings Trust was renovated in 2008.
Externally the holding occupies a stunning setting overlooking landscaped gardens and the site benefits from car parking availability for up to c. 35 cars.
THE FORMER GOOD SHEPHERD CENTRE
GROUND FLOOR c. 1,080 sq m 11,625 sq ft
FIRST FLOOR c. 895 sq m 9,634 sq ft
SECOND FLOOR c. 680 sq m 7,320 sq ft
ATTIC (NOT MEASURED) – –
TOTAL c. 2,655 sq m 28,579 sq ft
LISTING STATUS – The main building is listed as a Grade B1 listed property (Ref: B26/01/062/A).
The subject holding is ideally suited for a bespoke apartment development or alternatively the continued use of the property for office accommodation.
PRICE – Offers in the region of £1,750,000.
TITLE – Understood to be held by way of freehold title.
USE – The subject will be sold with a covenant restricting the use of the site and buildings for professional office and residential purposes only.
OCCUPANCY – The former Good Shepherd office building will be sold with the benefit of vacant possession. The existing Gate Lodge is currently occupied by the Belfast Buildings Trust on a 50 year lease from 2008. A copy of this agreement is available upon request.
We are advised by the Land & Property Services that the NAV for the subject property is £108,000. The commercial rate in the pound for 2018/2019 being £0.602803.
All prices, outgoings etc are exclusive of, but may be subject to VAT
© OKT 2013