14833Sq Ft
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1– 3 Queen Street & 56 Castle Street, Belfast, BT1 1HD
For
Sale
File Ref: 9161
Income Producing City Centre Buildings
3-storey period building with 2-storey modern extension
Obvious redevelopment potential
Part let (income producing £50,000 p.a.)
The subject property is prominently located at the junction of Castle Street and Queen Street and is situated in close proximity to Castle Court Shopping Centre and the city’s prime retailing core.
The subject comprises an impressive three–storey period building with a two–storey modern extension.
The period building has a traditional brick external finish and benefits from a number of original features, with a curved sandstone side entrance with bow windows above and ornamental finials surrounding the perimeter of the building’s roof.
The modern section of the property fronting Queen Street has a rendered external finish, a flat roof, feature window trims on the first floor and roller shutter goods–in access to the street.
The ground floor of the period building and entire modern extension have been let to Poundstretcher Limited since 1997, with a current passing rent of £50,000 per annum.
TOTAL OVERALL AREA – C. 1,344 sq m (C. 14,466 sq ft)
See attached brochure for further details
PRICE – We are seeking offers in the region of £1,350,000.
TITLE – We assume the property is held under freehold title.
Site & Proposed Development
The overall site extends to c. 0.16 acres (650 sq m).
Planning
The subject is located within the City Centre development limit and is zoned as being within a conservation area according to the current Belfast Metropolitan Area Plan (Map No. 2/001 Belfast City Centre).
Subject to planning the subject offers obvious long term redevelopment potential.
The 0.16 acre site (650 sq m) would be suitable for redevelopment into a variety of uses including retail, office, residential accommodation or a mixed use scheme involving a combination of the three.
NAV / Capital Value
NAV: £44,000.
Estimated rates payable: £24,245.98
Please note that all prospective purchasers should make their own enquiries to confirm the NAV / rates payable
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
1– 3 Queen Street & 56 Castle Street, Belfast, BT1 1HD
The subject property is prominently located at the junction of Castle Street and
Queen Street in the heart of the City Centre.
Accommodation Details
TOTAL OVERALL AREA – C. 1,344 sq m (C. 14,466 sq ft)
See attached brochure for further details
Sales Details
PRICE – We are seeking offers in the region of £1,350,000.
TITLE – We assume the property is held under freehold title.
Site & Proposed Development
The overall site extends to c. 0.16 acres (650 sq m).
Planning
The subject is located within the City Centre development limit and is zoned as being within a conservation area according to the current Belfast Metropolitan Area Plan (Map No. 2/001 Belfast City Centre).
Subject to planning the subject offers obvious long term redevelopment potential.
The 0.16 acre site (650 sq m) would be suitable for redevelopment into a variety of uses including retail, office, residential accommodation or a mixed use scheme involving a combination of the three.
NAV / Capital Value
NAV: £44,000.
Estimated rates payable: £24,245.98
Please note that all prospective purchasers should make their own enquiries to confirm the NAV / rates payable
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
1– 3 Queen Street & 56 Castle Street, Belfast, BT1 1HD
The subject property is prominently located at the junction of Castle Street and
Queen Street in the heart of the City Centre.
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