Price Offers over £64,950
Style Shop With Living Accomodation
Status For sale

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Property Sales & Lettings NI Ltd

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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 thriving Woodstock Road, Belfast. The property has recently been passed with full planning for 2 apartments spread over the 3 story building.

Located on one of Belfast's ‘Up and Coming’ area’s with easy access to the main arterial routes to Belfast City Centre and transport links, the Woodstock Road is quickly becoming one of the highly sought after East Belfast locations with a number of local businesses such as bistros, coffee houses, retail units within easy reach.

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 from commercial to residential, extending the ground floor space to the front to be in line with other properties on the street. Two self contained apartments have been approved offer a one bedroom on the ground floor and a two bedroom on 1st and 2nd floors.

There may also be scope to increase the commercial and residential accommodation space to include a 3rd apartment, once the necessary approval is gained.

Description:

The property is in need of a full refurbishment. The ground floor unit was previously used as retail unit. The upper levels are accessible, however, the entire property is in need of extensive modernisation.

Investment Potential:

After completion of the renovation works to a high standard, we would anticipate both apartments to achieve a sales figure of £180,000 collectively if sold. Alternatively a monthly rental value of £550 would be achieved on the 1 bedroom apartment and £675 on the 2 bedroom , this would equate to an annual income of £14,700.

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

Comprises:

UNIT 4.42m x 11.53m (14' 6" x 37' 10") - Currently a retail unit.

FRONT ROOM 4.2m x 3.9m (13' 9" x 12' 10") - Includes feature Bay window.

2ND ROOM 2.41m x 3.31m (7' 11" x 10' 10") - Rear facing

LANDING - Large landing area with WC facilities.

FRONT ROOM 4.46m x 3.6m (14' 8" x 11' 10") - Dorma window.

BACK ROOM 2.19m x 3.1m (7' 2" x 10' 2") - Velux window opening

REAR YARD -Large rear yard with added extension possibilities, which would require further permission.

Disclaimer: 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.

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Property Statistics

Total Views

(since advertised)

1,259

Listing Views

Date Views Unique Views Featured Published Bumped
24th Apr 1 1 No Yes No
25th Apr 0 0 No Yes No
26th Apr 3 3 No Yes No
27th Apr 4 4 No Yes No
28th Apr 2 2 No Yes No
29th Apr 20 20 Yes Yes No
30th Apr 29 29 Yes Yes No
1st May 17 17 Yes Yes No
2nd May 14 14 Yes Yes No
3rd May 16 16 Yes Yes No
4th May 14 14 Yes Yes No
5th May 17 17 Yes Yes No
6th May 10 10 No Yes No
7th May 12 12 No Yes No
8th May 12 12 No Yes No
9th May 5 5 No Yes No
10th May 7 7 No Yes No
11th May 13 13 No Yes No
12th May 6 6 No Yes No
13th May 6 6 No Yes No
14th May 9 9 No Yes No
15th May 5 5 No Yes No
16th May 8 8 No Yes No
17th May 5 5 No Yes No
18th May 16 16 No Yes No
19th May 8 8 No Yes No
20th May 18 18 No Yes No
21st May 2 2 No Yes No
22nd May 10 10 No Yes No
23rd May 12 12 No Yes No

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