Substantial Commercial Premises with lucrative planning
Popular rental area with excellent yield potential
Centrally located to local amenities and motorway networks
Possibility to sell off completed units individually
CPS Property offer to the local market this substantial commercial premises with Full Planning Permission for 8 x 2 Bedroom Apartments. The property is situated facing the rear of Belfast City Hospital and is located in a popular rental area. We would anticipate completed apartments would rent in the region of £450pcm. Due to its close proximity to the hospital, University and city centre these apartments would be highly desirable to medical staff, students and young professionals alike.
The current commercial unit extends to 4,006 sq ft with the added benefit of a further patch of land to the rear. The unit is currently leased to a charity (rates exempt) at a rate of £900pcm. The current layout comprises retail area to the ground floor and offices/stores to the first and second floors.
Planning Consent: Demolition of existing shops and offices and erection of 8 no. apartments and associated private amenity to rear of building. The planning approval is valid until 03/02/2016.
This site offers both investors and landlords alike a great opportunity and we do advise early inspection.
Retail Unit: 1116 Sq Ft
Store 1: 200 Sq Ft
Store 2: 44 Sq Ft
Store 3: 28 Sq Ft
Office: 1037 Sq Ft
Store: 333 Sq Ft
Office 2: 128 Sq Ft
Kitchen: 31 Sq Ft
Office: 813 Sq Ft
For more information or to arrange a viewing call CPS Property Today on 028 90 95 88 88
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