Unit 74, Castlereagh Road,
Belfast, BT5 5FP
Shop With Living Accomodation
Offers Around £85,000
Contact Property Sales & Lettings NI Ltd
+44 28 9046 6890
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
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.
