Potential Development Portfolio,

For sale by Fetherstons via the iamsold Bidding Platform

Please note this property will be offered by online auction (unless sold prior). For auction date and time please visit iamsoldni.com. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.

We are delighted to welcome to the market this residential portfolio consisting of 4 terrace properties on Meadowbank Street, Belfast, BT9 7FG and a substantial semi-detached home on 20 Lower Windsor Avenue, Belfast, BT9 7EB.

The properties all benefit from large rear gardens and as a result the total site extends to c. 0.3 acres. There is potential for the site to be redeveloped subject to the necessary planning permissions.

The existing floor-plans of the properties are attached and the accommodation is as follows:

6 Meadowbank Street – 4 Bedrooms, 2 Reception Rooms, 1 Kitchen, 1 Bathroom.

8 Meadowbank Street – 4 Bedrooms, 2 Reception Rooms, 1 Kitchen, 1 Bathroom.

10 Meadowbank Street – 3 Bedrooms, 3 Reception Rooms, 1 Kitchen, 1 Bathroom.

12 Meadowbank Street – 3 Bedrooms, 1 Reception Room, 1 Kitchen, 1 Bathroom.

20 Lower Windsor Avenue – Large Basement, 2 Bedrooms, 2 Reception Rooms, 1 Kitchen, 1 Bathroom.

The site has an enviable position in the heart of South Belfast. The location offers superb convenience to the Lisburn and Malone Roads, with all the amenities this location offers. Queens University, Belfast City and the Royal Victoria Hospitals are all close by.

For a buy to let investor there is consistently high rental demand in the area and all properties would be sought after as a result. To optimise the rental return possible for the properties in the portfolio they would benefit from some renovation and modernisation.

We would encourage all interested parties to make contact to arrange viewing. For those parties looking to explore the development potential of the site we would encourage early engagement with an architect or planning consultant so as not to miss out.

Features:
Residential Portfolio Consisting Of 5 Properties.
Superb Potential Residential Development Site Extending To c 0.3 Acres.
Sought After Location Close To Queens University and Belfast City and Royal Victoria Hospitals.
Area Of High Rental Demand.
Tenure: Leasehold

Rates:
6 Meadowbank Street - £1,478.15
8 Meadowbank Street - £1,478.15
10 Meadowbank Street - £1,347.73
12 Meadowbank Street - £1,130.35
20 Lower Windsor Avenue - TBC

EPC Ratings:
6 Meadowbank Street - EPC: E
8 Meadowbank Street - EPC: F
10 Meadowbank Street - EPC: D
12 Meadowbank Street - EPC: F
20 Lower Windsor Avenue - EPC: G

TO VIEW OR MAKE A BID Contact Fetherstons or iamsold NI, www.iamsoldni.com

Starting Bid and Reserve Price

*Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the starting bid, both the starting bid and reserve price can be subject to change. Terms and conditions apply to the Unconditional Method of Auction, which is powered by IAM Sold.

Auctioneer's Comments

This property is for sale under Traditional Auction terms. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.

With this auction method, the buyer and seller must Exchange immediately, and Complete 28 days thereafter.

The buyer is required to make payment of a non-refundable Contract Deposit of 10% to a minimum of £6,000.00.

The buyer is also required to make a payment of a non-refundable, Buyer Administration Fee of 1.80% of the purchase price including VAT, subject to a minimum of £2,400.00 including VAT, for conducting the auction.

Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.

Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Energy Performance Certificate (EPCs)

Energy Performance Certificates (EPCs) give information on how to make your home more energy efficient and reduce your energy costs. All homes bought, sold or rented require an EPC. EPCs carry ratings that compare the current energy efficiency and estimated costs of energy use with potential figures that your home could achieve. Potential figures are calculated by estimating what the energy efficiency and energy costs could be if energy saving measures were put in place. The rating measures the energy efficiency of your home using a grade from ‘A’ to ‘G’. An ‘A’ rating is the most efficient, while ‘G’ is the least efficient. The average efficiency grade to date is ‘D’. All homes are measured using the same calculations, so you can compare the energy efficiency of different properties.

Property Particulars

Please contact us for more information about this property.