Contact the Agent

Property Sales and Lettings NI Ltd

Property Sales and Lettings NI Ltd

028 9046 6890 Show Phone Number Call The Agent
Email The Agent

Email the Agent

Please check you have entered all details correctly:

Thanks

We've sent your enquiry to Property Sales and Lettings NI Ltd.

You can also reach them on the number listed above.

Key Information

Price Last listed at Offers around £94,950
Style Investment Property
Status Sale agreed

Location

This agent has listed the accuracy as: Exactly Right

Additional Information

Property Sales & Lettings NI are delighted to bring to the sales market this fantastic Investment Opportunity with Full Planning Permission ideally located on the ever popular Ormeau Road. The property has recently been passed with full planning for ground floor office space and two one bedroom apartments above.

Located on one of Belfast's most prominent and busiest arterial routes with easy access to Belfast City Centre and transport links, the Ormeau Road is quickly becoming one of the highly sought after South Belfast locations with a number of local businesses such as bistros, coffee houses, vibrant pubs, leisure facitilies and parks all within easy reach. The ground floor space would be ideal for an estate agency, solicitors, mortgage advisers or other such professional services company.

After obtaining the necessary consent; the space would also be perfect for hot food use. With the high footfall in the area and large student / young professional population; the space could be perfect for a sandwich bar, deli, takeaway, coffee shop or small diner.


N.B The property is being sold as a Cash Purchase only due to the condition of the property.


Planning:

The property has full planning permission for change of use on the ground floor into office space and extending the ground floor space to the front to be inline with other properties on the street. Two one bedroom flats have been approved for the space on the first and second floor.

Description:

The property is in need of a full refurbishment. The ground floor unit was previously used as a taxi depot but fixtures and furniture have since been removed. Space above is accessible, however, the space is in need of extensive modernisation.

Investment Potential:

We estimate the cost of renovation of office space and both apartments to be in the region of £90,000. After completion to a high standard, we would anticipate both apartments to achieve a sales figure of around £79,950 each and ground floor office space of £74,950. A monthly rental value of £550 would be achieved per apartment and an annual income of £10,000pa for the commercial space. With an overall annual income of £23,200 this investment potential is not to be missed.

Ground Floor Net Internal Areas:

Sales area to front: 140sq ft

Office / Storage Space: 122sq ft

Kitchen: 73sq ft

Storage: 66sq ft

Total: 401sq ft

Disclaimer: N/B: All measurement taken at the widest points with a laser measuring tool. Please also note that Property Sales & Lettings NI Ltd have not tested any of the services or systems in this property. Purchasers should arrange/commission their own inspections if they deem this action is necessary. Declaration of personal interest: this property is being marketed on behalf of the director of Property Sales & Lettings NI.


This is an opportunity not to be missed and we highly recommend early viewings to avoid disappointment.

Share this property with your friends

Good Work!

Your email is winging its way to

Wanna be a little social too?

Total Views

(in last 30 days)

54

Listing Views

Date Views Unique Views Featured Published
28th Mar 4 4 No Yes
29th Mar 1 1 No Yes
30th Mar 0 0 No Yes
31st Mar 4 4 No Yes
1st Apr 1 1 No Yes
2nd Apr 0 0 No Yes
3rd Apr 2 2 No Yes
4th Apr 0 0 No Yes
5th Apr 1 1 No Yes
6th Apr 4 4 No Yes
7th Apr 2 2 No Yes
8th Apr 1 1 No Yes
9th Apr 1 1 No Yes
10th Apr 1 1 No Yes
11th Apr 2 2 No Yes
12th Apr 4 4 No Yes
13th Apr 1 1 No Yes
14th Apr 5 5 No Yes
15th Apr 3 3 No Yes
16th Apr 0 0 No Yes
17th Apr 0 0 No Yes
18th Apr 1 1 No Yes
19th Apr 0 0 No Yes
20th Apr 3 3 No Yes
21st Apr 1 1 No Yes
22nd Apr 4 4 No Yes
23rd Apr 3 3 No Yes
24th Apr 2 2 No Yes
25th Apr 2 2 No Yes
26th Apr 1 1 No Yes

Want to increase your views?

Why not Increase Your Views and get twice the exposure as a regular listing!

Increase Your Views

Spotted a Problem? Even the best agents make mistakes, help us to maintain accurate property information on our listings.  Report a problem »

Back to top