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- Residential Investment/Development Opportunity
- Comprises 9 no. dwellings on a site extending to 1.5 acres
The property comprises 9 no. dwellings (currently tenanted) on a parcel of land extending to c. 1.5 acres. The properties have a combined frontage to the Belfast Road of 465 ft (142 m) and a return frontage onto Carmen Lane.
The site benefits from a fairly regular shape and level topography with boundaries defined by a mixture of masonry walls and mature hedgerows.
The total site extends to approximately 1.5 acres (0.6 hectares).
The property is located within the Settlement Development Limit of Bangor under the Draft Belfast Metropolitan Area Plan 2015 and zoned for no specific use. We understand the following previous planning permissions relate to the subject property.
Planning reference: W/2007/0435/F - (215-225 Belfast Road). Granted July 2008 for the construction of 22 no. 2 bed apartments and associated works.
Planning reference: W/2007/1076/F - (225-231 Belfast Road). Granted July 2008 for the construction of 14 no. 2 bed and 8 no. 1 bedroom apartments.
Both permissions have since expired and we would advise interested parties to make their own independent enquiries in this regard.
We are advised all nine dwellings are currently occupied producing a combined gross income of approximately £61,560 per annum.
Energy Performance Range C 70 - F 25
Bangor is a large seaside town located in North Down on the southern shores of Belfast Lough situated approximately 14 miles east of Belfast. The town provides a wide range of amenities to the surrounding area and has a population of c. 60,000 (2011 Census).
The opportunity is prominently located on the main Belfast Road approximately 1 mile from the town centre in an excellent residential location.
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