Description
The property comprises 2 existing office / retail buildings across a total of 8,603 sq ft. In addition, the site benefits from 28 surface level parking space.

Total site area extends c.0.3 acres providing an excellent redevelopment opportunity in one of the most popular areas in the city centre.

The property currently has short term income through number of short term leases / licenses currently totalling £85,930 p.a.

Planning
The subject benefits from planning for alterations, extension and amalgamation of existing buildings, and change the use from office and surface level parking to a 20-bed hotel with bar/ restaurant and associated outdoor seating (LA04/2022/1403/F).

Location
The subject property is located on Donegall Street within the centre of Belfast’s Cultural Heart, Cathedral Quarter. Known for its vibrant street art, local bars & restaurants, trendy art galleries and some of the oldest historical buildings in Belfast, which are located on Donegall Street, Hill Street and Waring Street.

Cathedral Quarter has established itself as the ‘go to’ leisure area in Belfast benefitting from the city’s best in class restaurants, bars and hotels.

In 2022 the area received an additional further boost with the opening of the new Ulster University Belfast Campus on York Street.

Surrounding occupiers include St Annes Cathedral Neighbourhood Café, Established Coffee, The John Hewitt, Harp Bar, Duke of York, Thirsty Goat The Merchant Hotel, The Foundry Hotel and Victoria Square.

Specifications
Benefits from Full Planning Permission for 20 Bed Hotel/Bar Redevelopment with Benefit of Short-term Rental Income