LOT 13 - Shop With Living Accommodation Guide Price: 55,000   
 
     
     
  427, Woodstock Road, Belfast, BT6 8PW  
     
 
427, Woodstock Road, Belfast, BT6 8PW
 

 
     
   
     
     
  Open Viewing Dates:  
     
  Wednesday 29th May 1:10pm - 1:40pm
Tuesday 4th June 1:10pm - 1:40pm
Thursday 6th June 1:10pm - 1:40pm
 
     
  Property Features:  
     
 
  • Investment Opportunity Site with FPP For Two Apartments
  • Full Planning Permission and Building Control Consent
  • Perfectly Located on the Woodstock Road, Belfast
  • Planning for 2 Apartments Spread Over the 3 Storey Building
  • Property Requires Refurbishment
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      Property Description:  
         
      Fantastic Investment Opportunity with Full Planning Permission and Building Control Consent ideally located on the thriving Woodstock Road, Belfast. The property has recently been passed with Full Planning for 2 apartments spread over the 3 storey building.

    Located on one of Belfast's 'Up and Coming' areas with easy access to the main arterial routes to Belfast City Centre and transport links, the Woodstock Road is quickly becoming one of the highly sought after East Belfast locations with a number of local businesses such as bistros, coffee houses, retail units within easy reach.

    Planning

    The property has Full Planning Permission for change of use on the ground floor from commercial to residential, extending the ground floor space to the front to be in line with other properties on the street. Two self-contained apartments have been approved offer a one bedroom on the ground floor and a two bedroom on 1st and 2nd floors.

    There may also be scope to increase the commercial and residential accommodation space to include a 3rd apartment, once the necessary approval is gained.

    Description

    The property is in need of a full refurbishment. The ground floor unit was previously used as retail unit. The upper levels are accessible, however, the entire property is in need of extensive modernisation.

    This property has excellent Investment Potential.

    Investment Potential

    After completion of the renovation works to a high standard, we would anticipate both apartments to achieve a sales figure of 180,000 collectively if sold. Alternatively a monthly rental value of 550 would be achieved on the 1 bedroom apartment and 675 on the 2 bedroom, this would equate to an annual income of 14,700.

    Comprises

    UNIT 4.42m x 11.53m (14' 6" x 37' 10")
    Currently a retail unit.

    FRONT ROOM 4.2m x 3.9m (13' 9" x 12' 10")
    Includes feature Bay window.

    2ND ROOM 2.41m x 3.31m (7' 11" x 10' 10")
    Rear facing

    LANDING
    Large landing area with WC facilities.

    FRONT ROOM 4.46m x 3.6m (14' 8" x 11' 10")
    Dorma window.

    BACK ROOM 2.19m x 3.1m (7' 2" x 10' 2")
    Velux window opening

    REAR YARD
    Large rear yard with added extension possibilities, which would require further permission.
     
         
       
         
     
     
    Property Disclaimer:

    The property particulars set out here do not constitute any part of an offer or contract. None of the statements contained in the property particulars are to be relied on as statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of the statements in these particulars. The Vendors do not make or give, and neither BRG Gibson, nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property. No appliances or equipment have been tested. Purchasers should satisfy themselves with regard to such items.