- Potential Residential Development Opportunity extending to c. 15.9 acres.
Belfast is the largest urban settlement in Northern Ireland, having a population of c. 614,000 within its Metropolitan area, being a progressive European city with an increasingly diverse economy, a rejuvenated city core and much enhanced retail, leisure and housing stock.
The subject property is located within the western segment of the city adjoining an area predominated by social housing yet convenient to major schools and retail facilities. There is a significant shortage and substantial demand for private, social and affordable housing in this area of Belfast.
The site is currently accessed from the Upper Springfield Road with an additional secondary access point available from Dermott Hill.
The holding comprises a substantial block of largely undeveloped land, being the former St Gerard’s Educational Resource Centre, which at one point had in excess of 550 pupils.
The site enjoys a strategic location on the western fringe of the city with the majority of the lands being within the Limit of Development.
The lands enjoy an elevated position resulting in much of the site having panoramic views of the city of Belfast and beyond to open countryside.
The lands extend to c. 15.9 acres with c. 11.2 acres zoned as ‘white land’ and c. 4.7 acres adjoining the Development Limit.
The majority of the lands are situated within the Development Limit of West Belfast under the Belfast Metropolitan Area Plan (BMAP) 2015 and zoned as ‘white land’.
The remaining lands are located outside the Development Limit and designated as an area of high scenic value and of conservation importance.
PRICE: Offers over £4,000,000
TITLE: It is our understanding that the lands are held in a combination of freehold and leasehold titles.
All prices, charges and rentals are quoted exclusive of VAT, which may be payable
All proposals in respect of the property must be submitted in written form with proof of funds and confirmation as to satisfaction with title and contract.
All queries in relation to the title and contract should be referred to:
1–9 Castle Arcade
Belfast BT1 5DF
Tel: 028 9024 4602 (Contact: Denis McKay)
© OKT 2013