74 Castlereagh Road, Belfast, Antrim, BT5 5FP
£85,000
Description & Features
Property Sales & Lettings NI are delighted to offer ‘FOR SALE’ this mixed use three story mid terraced property with planning permission for redevelopment. Located on the ever-popular Castlereagh Road area of Belfast, the area is characterised by a mix of commercial properties/businesses along with high level of residential housing.
Planning consent (REF: LA04/2023/3683/F) has been obtained for the following: Retention of ground floor unit as Use Class A1. Reinstatement of original yard at rear including access stairs. Change of use of first & second floor (A2 office use) to a 2-bed residential unit (Use Class C1). Additional site works.
The property offers a prime refurbishment project, and it will surely appeal to investors given the potential re-sale value and rental potential when the refurbishment has been completed.
It is projected that once renovated, the 2-bed apartment will fetch in the region of £140,000 on the sales market with a rental return of circa £1100pcm. The commercial unit will value at around £95,000 with a rental premium of £8000 per annum.
· EXCELLENT MIXED-USE PROPERTY
· GROUND FLOOR COMMERCIAL SPACE
· 2 BED DUPLEX APARTMENT ABOVE
· IN NEED OF REFURBISHMENT
· CHANGE OF USE PLANNING OBTAINED
· TWO SEPARATE ENTRANCES
· ROLLER SHUTTER DOORS
· EASY ACCESS TO BELFAST CITY CENTRE
· POPULAR LOCATION
· EPC RATING: D
Housing Tenure
Type of Tenure
Leasehold
Ground Rent
Not Provided
A review period for ground rent has not been provided
Service Charge
Not Provided
A review period for service has not been provided
Length of Lease
Not Provided
Location of 74 Castlereagh Road
Energy Rating
Current Energy Rating
Costs to Consider
Rates
Not Provided
Stamp Duty
£0*
Ground Rent
Not Provided
Service Charge
Not Provided
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