Style Investment Property
Status Sold

Contact the Agent

Property Sales & Lettings NI Ltd

  • Additional Information
  • Share This Property
  • Personal Notes

Additional Information

Additional Information

Property Sales & Lettings NI are delighted to bring to the sales market this fantastic Investment Opportunity with Full Planning Permission and Building control consent ideally located on the ever popular Ormeau Road, Belfast. The property is passed with full planning and Building control consent for ground floor office space and two one bedroom apartments across the 1st and 2nd floors.

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 facilities 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 in line with other properties on the street. Two one bedroom Apartments have been approved for the space on the first and second floors.

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 renovation.

Investment Potential (once renovated):

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 the apartments to achieve a sales figure of around £200,000 collectively and ground floor office space £85,000. We would anticipate an annual rental return of £16,140 for the apartments with the commercial space yielding £12,000 pa. The overall annual income of £28,140 renders this investment; an opportunity is not to be missed.

Comprises:

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

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 necessary.

This investment offers excellent potential, so we highly recommend early viewings to avoid disappointment.

Share this property

Email this property to your friends

Please check you have entered all details correctly:

Good Work!

Your email is winging its way to

Personal Notes

Add a personal note about this property

Please or register to add notes to this property.
About Personal Notes

You can add your own personal notes about this property.

You can view all your notes by going to My PropertyPal.com.

You can remove this note at any time.

Property Statistics

Total Views

(since advertised)

1,694

Listing Views

Date Views Unique Views Featured Published Bumped
21st Jan 18 18 Yes Yes No
22nd Jan 54 54 Yes Yes No
23rd Jan 36 36 Yes Yes No
24th Jan 36 36 Yes Yes No
25th Jan 19 19 Yes Yes No
26th Jan 20 20 Yes Yes No
27th Jan 22 22 Yes Yes No
28th Jan 18 18 No Yes No
29th Jan 13 13 No Yes No
30th Jan 6 6 No Yes No
31st Jan 23 23 No Yes No
1st Feb 15 15 No Yes No
2nd Feb 10 10 No Yes No
3rd Feb 11 11 No Yes No
4th Feb 8 8 No Yes No
5th Feb 9 9 No Yes No
6th Feb 16 16 No Yes No
7th Feb 7 7 No Yes No
8th Feb 12 12 No Yes No
9th Feb 7 7 No Yes No
10th Feb 9 9 No Yes No
11th Feb 9 9 No Yes No
12th Feb 6 6 No Yes No
13th Feb 5 5 No Yes No
14th Feb 7 7 No Yes No
15th Feb 3 3 No Yes No
16th Feb 2 2 No Yes No
17th Feb 1 1 No Yes No
18th Feb 5 5 No Yes No
19th Feb 2 2 No Yes No

Are you selling this property?

Promote your listing on PropertyPal to get more exposure and put your property in front of the right people.

Not your property? Click here to search for your property.

Option 1: Boost It Back

Increase views of your property with a single boost back up the natural listings.

£12
per boost
Boost Your Property

Cannot be purchased within 4 weeks of listing being listed or re-listed.

Option 3: Premier Listing

Get an automatic Boost It Back every week for the next 4 weeks.

Additionally, your property appears as enhanced with extra photos and a description for the lifetime of your listing.

£49

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