Unit 74, Castlereagh RoadUnit 74, Castlereagh RoadUnit 74, Castlereagh Road

Unit 74, Castlereagh Road,

Belfast, BT5 5FP

Shop With Living Accomodation

Offers Around £85,000

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Contact Property Sales & Lettings NI Ltd

+44 28 9046 6890

4-6 My Ladys Road, Belfast, BT6 8FB
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Mon to Fri: 9:00am- 5:30pm

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Property Overview

Status

For Sale

Style

Shop With Living Accomodation

Property Features

Energy Rating

Property Financials

Price

Offers Around £85,000

Property Engagement

Views Last 7 Days

147

Views Last 30 Days

533

Views All Time

3,388

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property description image

Features

  • • EXCELLENT MIXED-USE PROPERTY
  • • GROUND FLOOR COMMERCIAL SPACE
  • • 2 BED DUPLEX APARTMENT ABOVE
  • • IN NEED OF REFURBISHMENT
  • • CHANGE OF USE PLANNING OBTAINED
  • • TWO SEPARATE ENTRANCES
  • • ROLLER SHUTTER DOORS
  • • EASY ACCESS TO BELFAST CITY CENTRE
  • • POPULAR LOCATION
  • • EPC RATING: D

Property Sales & Lettings NI are delighted to offer ‘FOR SALE’ this mixed use three story mid terraced property with planning permission for redevelopment. Located on the ever-popular Castlereagh Road area of Belfast, the area is characterised by a mix of commercial properties/businesses along with high level of residential housing.

Planning consent (REF: LA04/2023/3683/F) has been obtained for the following: Retention of ground floor unit as Use Class A1. Reinstatement of original yard at rear including access stairs. Change of use of first & second floor (A2 office use) to a 2-bed residential unit (Use Class C1). Additional site works.

The property offers a prime refurbishment project, and it will surely appeal to investors given the potential re-sale value and rental potential when the refurbishment has been completed.

It is projected that once renovated, the 2-bed apartment will fetch in the region of £140,000 on the sales market with a rental return of circa £1100pcm. The commercial unit will value at around £95,000 with a rental premium of £8000 per annum.

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