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.

·        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