Investment Opportunity, 2-8 Church Hill,

Features

• Residential Development Investment Opportunity and Site
• Row of Four Terrace Houses on a Substantial Private Site Circa 0.4 Acres
• Terrace Houses all Spanning in Excess of 1000 Square Feet with Separate Titles
• Development Potential Subject to Usual and Necessary Consents
• No Current or Past Planning Applications, Drawings For Illustration Only
• Currently Generating Circa £20,000 Per Annum with Approx £400 Per Unit Per Month
• Potential for Rental Income in Excess of £700 Per Month Per Unit with Updating to Units
• Resale Value Potentially in Excess of £130,000 Per Unit Depending on Finish
• All Providing UPVC Double Glazing and Oil Fired Central Heating
• Private Enclosed Front and Rear Gardens and Private Parking to Side
• Double Garage on Site in Need of Updating
• Enquiries Through Our Lisburn Office on 02892 661 700
• Early Viewing Highly Recommended

We are delighted to bring to the market this superb residential investment opportunity to acquire a block of four terrace houses on separate titles occupying a private site of circa 0.4 acres with further development potential subject to usual planning consents.

All of the properties benefit from UPVC double glazing throughout, oil fired central heating, private parking to the side of the site and also enclosed front and rear gardens ideal for outdoor entertaining. There are an additional two garages located on the site in need of modernisation.

As it sits, there is no previous or current planning applications in place for the site and any prospective buyers are advised to make their own enquiries.

All of the properties are currently let producing an annual income of circa £20,000 with each dwelling currently generating approximately £400 per month. With some modernisation, we would envisage rental income for each unit would be in excess of £700 per month with resale values potentially in excess of £130,000 per unit depending on overall finish.

With each terrace house spanning in excess of 1000 square feet, early viewing is highly recommended to appreciate all this fantastic site has to offer. All enquiries are directly through our Lisburn office on 02892 661 700.

Directions

2-8 Church Hill is positioned where Beechvale Road meets the Whiterock Road, Killinchy.