Development Opportunity (stpp), 177 Donegall Street,

 LOCATION

The property occupies a prominent location fronting onto Donegall Street in Belfast City Centre. Ulster University have purchased the adjoining site.

This superb redevelopment opportunity occupies a prime location which abuts the new 800,000 sq ft University of Ulster York Street Campus and the Cathedral Quarter. Over 15,000 students are based in the new campus. The area is undergoing rapid redevelopment with numerous student accommodation blocks and B.T.R. Developments. Nearby, The Sixth is a new proposed £75m, 230,000 sq ft office and commercial workspace accommodation, which is being developed by Belfast City Council and McAleer & Rushe, will further strengthen this area of Belfast City Centre.

DESCRIPTION

The subject currently comprises a three-storey building currently occupied by Kings Castle Church on the ground floor with first and second floor dance studio.

Good opportunity to refurbish and use as it stands or redevelop, subject to the necessary planning consents.

The ground floor comprises of a large glass frontage with open plan sales area. Access to the upper floors is via a stairwell to first floor which is split into a waiting/seating area with WC’s and separate studio. Second floor comrprises an open plan studio with separate store/office and WC’S.

The property currently benefits from an income of £21,000 per annum exclusive from the ground floor tenants. Further info can be provided to prospective purchasers

For further details please see attached brochure, or to arrange a viewing please contact either Michael Hopkins or Scott Lawther on 02890 500100