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Auction Sep 15 at 10:00 AM

Guide Price £65,000

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74 Castlereagh Road

Belfast, BT5 5FP

Investment Property

Investment Property

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Marketed by Gogogone

+44 28 9059 3500

Auction Details

Time:

Sep 15 at 10:00 AM

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Additional Information

THREE-STOREY MIXED-USE PROPERTY
GROUND FLOOR COMMERCIAL UNIT
TWO-BEDROOM DUPLEX APARTMENT
PLANNING CONSENT ALREADY OBTAINED
SUPERB REFURBISHMENT OPPORTUNITY
TWO SEPARATE ENTRANCES
REAR YARD & ROLLER SHUTTER DOORS
PROMINENT CASTLEREAGH ROAD LOCATION
EXCELLENT ACCESS TO BELFAST CITY CENTRE
OPPORTUNITY TO ACQUIRE NO. 76 ALSO

 

We are pleased to offer No. 74 Castlereagh Road, a three-storey mixed-use property occupying a prominent position on one of Belfast's main arterial routes.

The property comprises ground floor commercial accommodation with a two-bedroom duplex apartment over the first and second floors, together with two separate entrances and a rear yard.

Planning consent has been obtained under Ref. LA04/2023/3683/F for retention of the ground floor commercial unit and conversion of the upper floors to a two-bedroom residential unit, together with reinstatement of the rear yard and associated works.

The property represents an excellent refurbishment and investment opportunity, with potential rental and resale value following completion of the works.

There is also an opportunity to acquire the adjoining No. 76 Castlereagh Road, creating a larger combined investment and development opportunity. No. 76 is currently income-producing and has further potential for residential conversion, with a planning application submitted for three self-contained apartments.

A versatile property offering immediate refurbishment potential, secured planning consent and the opportunity to acquire the adjoining property to create a larger development scheme.

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