Donaldson & Lyttle Building, 68-72 Great Victoria Street

• Five-storey city centre building
• Prominent corner position at Great Victoria Street / Bruce Street
• Total floor area of c.23,903 sqft (2,221 sqm)
• Full planning permission for conversion / extension to provide 28 apartments
• Vacant upper-floor space and flexible third-floor occupation support the consented residential conversion
• Existing income from ground and first-floor occupiers
• Adjoining off-street car parking area providing approximately seven spaces
• Exceptional location within close proximity to Belfast Grand Central Station
• Offers significant asset management / redevelopment potential

The property comprises a five-storey mixed-use building occupying a prominent corner position at the junction of Great Victoria Street and Bruce Street.

The building is of traditional red brick construction beneath a pitched and partially flat roof and provides a total of c.23,903 sq ft (2,221 sqm) of accommodation.

Internally, the property is arranged over ground and four upper floors, with the upper levels providing generally regular floorplates benefiting from good levels of natural light from windows along the principal elevations. The accommodation is predominantly open plan in configuration, together with ancillary cellular areas, WCs and service accommodation.

Part of the first floor and the second and fourth floors are vacant. Ten Foundations occupies the third floor under a tenancy at will terminable on demand, providing flexibility to progress the consented residential conversion scheme.

Vertical circulation is provided by passenger lifts and multiple internal staircases serving the building, with additional means of escape provided throughout. The existing layout provides flexibility for continued commercial occupation, refurbishment or alternative use, subject to the necessary consents.

Externally, the property benefits from an adjoining off-street car parking area providing approximately seven spaces, accessed from Little Victoria Street. Telecommunications equipment is also located at roof level, further details of which are available upon request.

Situated at the junction of Great Victoria Street and Bruce Street, the property occupies a prominent position within Belfast city and the established Linen Quarter.

The property is located in close proximity to Belfast Grand Central Station, the city’s principal integrated transport hub, which provides extensive rail and bus services across Northern Ireland, together with regular and direct rail connections to Dublin. The nearby Westlink also provides convenient access to the M1 and M2 motorway networks and the wider regional road network.

The surrounding area is mixed-use in character and has benefited from significant investment and regeneration in recent years. A wide range of commercial, residential, hotel, leisure and entertainment uses are located nearby, including the Grand Opera House, Grand Central Hotel, Belfast City Hall and Victoria Square Shopping Centre.

Given its central location, Belfast’s principal business, retail and leisure districts are readily accessible on foot, together with a wide range of restaurants, bars and other amenities throughout the Linen Quarter and wider city centre. Both Belfast City Airport and Belfast International Airport are also easily accessible by road and public transport.

The property benefits from full planning permission (Ref: LA04/2020/2199/F) for the change of use of part of the first floor and the entirety of the second, third and fourth floors from office accommodation to provide 26 residential apartments, together with the construction of two new penthouse apartments at fifth-floor level, providing 28 apartments in total.

The consented scheme comprises a mix of one and two-bedroom apartments, together with two larger three-bedroom penthouses. The proposals also incorporate private balconies and terraces to a number of apartments, together with associated circulation, servicing, cycle storage and ancillary accommodation.

The approved scheme provides 19,794 sq ft (1,838.9 sqm) of residential accommodation, with apartment sizes ranging from 502 sq ft to 1,234 sq ft. The existing commercial accommodation at ground and part first-floor levels is retained as part of the proposals.

Further information relating to the proposed scheme is included within the data room.

The property’s Energy Efficiency Rating is 101 E. Please note that the full certificate can be made available upon request.

The property is held under two separate registered titles. The principal building is held by way of a long leasehold interest, with the adjoining car parking area held freehold.

Further title information is available within the data room.

We are instructed to seek offers in the region of £2.0 million, exclusive.

VAT has been charged on rents at the property. The vendor is taking steps to notify HMRC of its historic option to tax. The VAT treatment of the sale, including whether it qualifies as a transfer of a going concern, will be confirmed by the parties’ solicitors.

We are appointed to market and dispose of the property on behalf of Fixed Charge Receivers. No liability or warranty is accepted by the Receivers in respect of the information provided and interested parties should satisfy themselves in respect of all matters relating to the property.

For further information:

George Jolliffe: 028 9050 1501 / 07718 493 197
[email protected]

Viewing strictly by appointment with the sole selling agent Ambit CRE.

A comprehensive data room containing title information, leases and occupational documentation, planning information, floor plans, a building survey and other relevant property information will be made available to genuinely interested parties upon request.

As a business carrying out estate agency work we are required to verify the identity of both the vendor and the purchaser as outlined in the following: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 – https://www.legislation.gov.uk/uksi/2017/692/contents. Any information and documentation provided by you will be held for a period of five years from when you cease to have a contractual relationship with Ambit. The information will be held in accordance with General Data Protection Regulation (GDPR) on our client file and will not be passed on to any other party, unless we are required to do so by law and regulation.