POTENTIAL DEVELOPMENT OPPORTUNITY - ZONED FOR HOUSING

A unique opportunity exists to purchase this potential prime development site extending to 0.2acres located within an area of redevelopment in Belfast City Centre. 

LOCATION:

The site is located in an urban area of Belfast City Centre, just off Ormeau Avenue near the junction with the Ormeau Road, positioned close to the Bass Building and Lucas Building residential developments and across the road from the Gasworks, mixed use development. Only minutes from Lanyon Place train station, the business district and Belfast City Hall.

DESCRIPTION:

The subject property comprises an income producing hot food restaurant/take-away, first floor apartment and covered car park. 

1st Floor Apartment c.63m2

Restaurant/Take-away c.79m2

PLANNING/REDVELOPMENT POTENTIAL:  

The subject property is located within the draft B-Map, Belfast Metropolitan Area Plan 2015 (City Centre) and is zoned for housing.

We recommend all interested parties obtain professional planning opinion regarding the potential of the site.

SITE AREA:

The subject property extends to c.0.2acres.

PRICE:

We are seeking offers over £1,100,000.

TITLE:

We assume the property is held under freehold title.

NET ANNUAL VALUE 2023/24:

We are advised by the Land and Property Service that the NAV for the subject property are as follows.

106 Joy Street - £3,300.00. 

108-114 Joy Street - £15,600.    

Commercial rate poundage 2023/24 0.572221

RATES PAYABLE (Domestic):

106 Joy Street (First Floor Apartment) c.£614.12 

(All interested parties should make their own enquiries to confirm rates payable)

Downshire Estate Agents and for the Vendors or Lessors of this property whose agents they are give notice that i) these particulars are given without responsibility of Downshire Estate Agents or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants, and do not constitute the whole or any part of an offer or contract; ii) Downshire Estate Agents cannot guarantee the accuracy of any description, dimension, references to condition, necessary permissions for use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection the accuracy of each of them; iii) no employee of Downshire Estate Agents has any authority to make or give any representation or warranty or enter into any contract whatsoever in relation to the property; iv) all figures are quoted exclusive of VAT, intending purchasers or lessees must satisfy themselves as to the applicable VAT position, if necessary by taking professional advice; v) Downshire Estate Agents will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars.. Please note we have not tested any systems in this property, and we recommend the purchaser checks all systems are working prior to completion.