Spencer House, 65-73 Royal Avenue, Belfast, Antrim, BT1 1FE

Offers in the region of

£1,600,000

Typical Mortgage

per month

Investment

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Description & Features

Spencer House is an extremely iconic Belfast City Centre building, of Baroque style, built in 1883 and designed by Young & McKenzie.
Occupying a striking corner location fronting onto Royal Avenue and Lower Garfield Street, this Grade B2 Listed Building comprises over 5 floors and a total of c. 22,884 sq ft.
Strategically positioned directly opposite CastleCourt Shopping Centre on the main thoroughfare between Belfast City Hall and the new 800,000 sq ft £364m Ulster University.
Tribeca Belfast, comprises a proposed £400m urban regeneration scheme by Castlebrooke Investments, extending to c 12 acres, situated on the doorstep of Spencer House.
The ground floor of the building is currently partially let on licence basis, producing a rent of £10,800 per annum. The upper floors are currently vacant.
Within ease of walking distance to all major amenities and attractions including Belfast City Hall, St Anne's Cathedral, Cathedral Quarter, Victoria Shopping Centre and Titanic Quarter.
Suitable for a variety of potential uses/mixed uses to include offices, apartments, hotel, restaurant/bar, private event space, museum etc subject to obtaining any required statutory planning consents

Belfast is the capital of Northern Ireland, the 15th largest city in the UK and second largest on the island of Ireland. It lies approximately 100 miles (161 km) to the north of Dublin.

Belfast has an excellent infrastructure network and is well connected to the rest of Ireland and to mainland UK. George Best City Airport is located approximately 4 miles (6 km) from the city centre with Belfast International Airport located approximately 23 miles (37 km) northwest.

Spencer House occupies a striking corner location fronting onto Royal Avenue and Lower Garfield Street, in Belfast City Centre. Positioned directly opposite CastleCourt Shopping Centre and in close proximity to the prime retail pitches of Donegall Place and Castle Place. In addition, the new Ulster University and Cathedral Quarter is situated less than a 5-minute walk from Spencer House.

The recent opening of the new 15,000 student Ulster University, we believe will act as a catalyst to drive further investment and development in an area of the city that has already witnessed widespread development of student accommodation as a direct result.

Some of Belfast's most popular bars and restaurants are located within close proximity including Whites Tavern, Cloth Ear, Dirty Onion, Duke of York, Harp Bar, Coppi, Dumpling Library and Waterman.

Spencer House comprises a Grade B2 Listed Building, built in 1883, designed by Young & McKenzie in Baroque style. The property comprises over five floors, with four ground floor retail units and upper floor office accommodation, extending to approximately 22,884 sq ft.

The property is of red brick construction with a pitched slate roof, dormer windows at roof level and feature conical roofed corner turret. The configuration and scale of the property means that it is suitable for a variety of uses and will therefore appeal to owner occupiers, investors and developers.

We understand that the property is not elected for VAT.