CPS Property are delighted to welcome to the sales market this mixed residential/commercial premises. The property holds a prominent presence on the corner of Botanic Avenue and University Street comprising a historic three-storey red brick building. The property currently comprises two ground floor commercial units, commercial premises on the first floor and two apartments on the second floor. The ground floor is currently occupied by 'The French Village' and ‘Belfast City Breaks; with the upper floors being vacant.
FEATURES
- Fantastic commercial premises with a current Annual Gross Rent Roll of £39,600 Per Annum
- Benefits from Planning Approval for the following:
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LA04/2021/1896/DCA (Conservation Area Consent) - Removal of staircase, removal of suspended floors, and internal non-loading walls. External walls to be stripped back to expose existing masonry on internal face
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LA04/2021/1752/F - Proposed change of use and reconfiguration from hair salon to 2no. short term let apartments. External walls stripped back to expose existing masonry. Remove internal stud walls, raised platforms and staircase.
- A further planning application for the building has now lapsed; however would have the potential for re-applying for the following;
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LA04/2018/0243/F - Change of use and reconfiguration from office to 3no. short term let apartments including a mezzanine to the existing 2no. apartments, roof alterations and associated works
- If the above planning was implemented and re-submitted the finished building would comprises of two ground floor commercial units and 7 x short term let apartments on the first and second floor as follows:
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First Floor - 2 x Two Bedroom Apartments and 1 x Three Bedroom Apartment
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Mezzanine Floor - 2 x Two Bedroom Apartments
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Second Floor - 2 x Two Bedroom Duplux Apartments.
GUIDE PRICE
£1,100,000 (One Million & One Hundred Thousand Pounds)
VIEWING INFO
For further information or if you wish to arrange a viewing, please contact our commercial team on
OR commercials@cps-property.com
