Price Last listed at Offers over £64,950
Style Shop With Living Accomodation
Status Sale agreed

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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)

549

Listing Views

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

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