Residential Development Opportunity with Planning Application Submitted for 49 No. Apartments
The subject property is located on College Square North with return frontage onto College Place North, adjacent to RBAI and John Bell House and a short walking distance from Belfast City Hall.
The site provides ease of access to the city's main transport hubs of Great Victoria Street Rail and Bus Station and the Metro bus terminus at City Hall.
The property is located within 15 minutes walk of both the Queens University and University of Ulster Belfast Campuses.
The subject comprises a cleared tarmacadamed site, triangular in shape and is currently utilised as a surface level car park defined on 3 sides by palisade fencing and the gable wall of the adjacent office block to the east.
The site is subject to a planning application comprising 49 No. apartments with a mixture of 1, 2 and 3 beds over 7 floors with basement level car parking.
The property would be suitable for a wide range of potential development schemes subject to the necessary planning / statutory consents.
Site & Proposed Development
The site extends to c. 0.25 acres (0.1 hectare).
A planning application has been submitted for the erection of a 7 storey residential development comprising 49 No. apartments with associated basement level car park (Planning Ref: LA04/2016/2018/F).
Further details are available on request.
PRICE:Offers in the region of £1,250,000
TITLE:Assumed freehold / long leasehold
INCOME: Car park with 35 No. spaces is currently let at £20,000 per annum exclusive. Further details available on request.
All prices, outgoings etc are exclusive of, but may be subject to VAT.