Auction Sep 15 at 10:00 AM

Guide Price £75,000

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76 Castlereagh Road

Belfast, BT5 5FP

Retail Unit

Retail Unit

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Auction Details

Time:

Sep 15 at 10:00 AM

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Additional Information

THREE-STOREY COMMERCIAL PROPERTY

PROMINENT LOCATION ON CASTLEREAGH ROAD

CURRENTLY LET AT £495 PER MONTH

24-MONTH LEASE IN PLACE

VACANT TO VIBRANT GRANT APPROVED

POTENTIAL TO ACQUIRE NO. 74 ALSO

PLANNING APPLICATION FOR 3 APARTMENTS SUBMITTED

EXCELLENT ACCESS TO BELFAST CITY CENTRE

HIGH-DENSITY RESIDENTIAL CATCHMENT

STRONG RESIDENTIAL & COMMERCIAL CATCHMENT

PUBLIC TRANSPORT LINKS CLOSE BY

EPC RATING NO. 76: C75

 

We are delighted to bring to auction No. 76 Castlereagh Road, a prominent three-storey, red-brick mid-terrace commercial property situated on one of Belfast's main arterial routes.

The property occupies a highly visible position on Castlereagh Road, providing excellent access to Belfast City Centre and benefiting from a strong surrounding residential population, established commercial occupiers and excellent public transport connections.

No. 76 is currently let on a 24-month lease at £495 per month, providing an immediate rental income for the new owner.

This offers an investor the opportunity to acquire an income-producing property while considering longer-term redevelopment or alternative use options.

There is also an opportunity to acquire No. 74 Castlereagh Road alongside No. 76, creating a larger development opportunity.

A planning application has been submitted under reference LA04/2025/0049/F seeking permission for a change of use from commercial to residential and the creation of three self-contained apartments.

If planning approval is obtained, the proposed scheme could provide an attractive residential development opportunity and a potential exit strategy through either resale or retention as investment accommodation.

Planning permission has not yet been granted, and purchasers should satisfy themselves regarding the planning position and development potential.

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