54 Pilot Street & 19/22 Princes Dock Street, Belfast, Antrim, BT1 3AH

For Sale Offers in the region of £500,000 Convert to EUR

Key Information

Property Type: Site Price: Offers in the region of £500,000 Convert to EUR
Bedrooms: - Offer Status: For Sale
Receptions: - EPC Rating: -

For more information on this property call 028 9023 3455 or Email Agent

Contact the Agent

DTZ McCombe Pierce

5 Oxford Street, Belfast , BT1 3LA

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    Features of this property

    • Excellent Redevelopment / Refurbishment Opportunity (Subject to Planning)

    Property Description

    Pat's Bar & the Rotterdam Bar

    Location

    The subject property is situated just north of Belfast City Centre, immediately adjacent to the Clarendon Dock / City Quays developments, now regarded as one of Belfast's premier business locations whilst it is also within close proximity to the Cathedral Quarter and the expanding University of Ulster City Campus, at York Street.

    The immediate area is witnessing significant development with the Belfast Harbours City Quays scheme, comprising a fully let c. 69,000 sq ft Grade A office building at City Quays 1, a c. 95,000 sq ft Grade A office building under construction at City Quays 2, whilst construction of a new 4 star Marriott Hotel is due to commence shortly.

    Occupiers in the immediate locality include Belfast Harbour Commissioners, Baker & McKenzie, Capita, Grant Thornton, Lagan Group and The Belfast Telegraph.

    Description

    The subject property comprises two vacant former public houses, the Rotterdam Bar and Pat’s Bar, situated on a site of approximately 0.13 acres (0.05ha) accessed via Pilot Street and Princes Dock Street.

    Both buildings are two storey with single storey rear returns leading to an enclosed yard and are bounded by the James Clow Apartment Building and Barrow Square, Clarendon Dock. Pat’s Bar previously provided direct pedestrian access onto Barrow Square.

    The buildings are currently in disrepair and therefore lend themselves to refurbishment or redevelopment for a variety of uses, subject to any necessary consents.

    Accommodation

    The subject property provides the following approximate net internal areas:

    Pats Bar: 
    Ground 2,027 sq ft (188.35m²)
    First*

    The Rotterdam:
    Ground 1,145 sq ft (106.34m²)
    First*

    Total: 3,172 (294.69m²)

    *
    Access to 1st floor was unavailable.

    Planning

    There are two previous planning consents and a current pending application to redevelop the subject property:

    Approval Z/2007/1024/F dated 14/08/2008 – Proposed demolition of existing 2 no. public houses and construction of 58 no. private apartments above 2 no. replacement public houses with four levels of basement car park.

    Approval Z/2010/0598/F dated 31/08/2011 – 2 no. replacement restaurants / bars and 112 no. apartments.

    Application LA04/2016/1104/F submitted on the 26/05/2016 - Erection of 2 no. replacement restaurants / bars and 112 no. apartments (19 storey) – This is a renewal of planning approval Z/2010/0598/F.

    The 2011 consent and current application comprises of 2 no. restaurants/bars, residents gym, 6 no. 3bed apartments, 30 no. 1bed apartments, 76 no. 2bed apartments, roof garden and 2 storey basement car park.

    Please note that this scheme extends to an area outside of the Vendors ownership into Barrow Square, Clarendon Dock.

    Interested parties are advised to make their own further enquires directly with the local Planning Office.

    Title

    We are advised the property is held under a no. of Long Leasehold interests.

    Price

    Offers in the region of £500,000 exclusive of VAT, subject to contract.

    VAT

    Please note all prices, rentals and outgoings are quoted net of VAT which may be chargeable.

    Location of 54 Pilot Street & 19/22 Princes Dock Street, Belfast

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    Contact the Agent

    DTZ McCombe Pierce

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