87-91 Botanic Avenue,
Belfast, BT7 1JN
CLOSING DATE FOR BIDS 12NOON, 15TH MARCH 2024.
Price £1,500,000
Contact Avison Young
+44 28 9031 6121
Key Information
Price | £1,500,000 |
Style | Retail |
Status | For sale |
Features
- Planning Approval for 2no. Cafe/Retail Units and 14 Apartments
The opportunity consists a prominent corner vacant three-storey red brick end of terrace building with rear returns onto Mount Charles occupying a site area of approximately 0.1 acres. Planning Approval for 2no. Cafe/Retail Units & 14 Apartments.
Location Highlights
Botanic Avenue is a bustling retail thoroughfare in South Belfast within easy walking distance to Queens University (approx. 25,000 students), Belfast City Hospital and Belfast City Centre. The area of Botanic Avenue is highly popular and characterised by a large amount of young professionals and students enjoying its mixture of retail, cafes, restaurants, offices and hotels. The area also benefits from student accommodation including a new purpose-built student complex providing 156 studio apartments. The subject property occupies an imposing corner position with elevations onto both Botanic Avenue and Mount Charles. The prime location of Botanic Avenue has historically been very attractive to both local and national operators in the cafe, hot food and restaurant industry which is reflected in the strong rental rates achieved in the area. Occupiers in the area include Dukes Hotel, Subway, Juice Jar, Bunsen Burgers, Caffe Nero, Oxfam, Russell's Food & Drink, Boojum, Greggs, Spar, The 1852 Hotel etc.
