22-28 University Street, Belfast, BT7 1FZ
£1,100,000
Description & Features
CPS are happy to welcome this excellent investment opportunity to the open market. 22-28 University Street is situated on a predominantly residential street between the bustling University Road and Botanic Avenue; with all amenities close by and good transport links to Belfast City Centre.
Presently returning £87,600 p/a of rental income at a yield of 7.96%, 22-28 University Street makes for a rare investment opportunity in an exclusive location.
Currently split into three separate properties; at Number 22 sits a 1 x eight-bedroom dwelling, Number 24 sits as a 1 x one bedroom (Ground Floor) & 1 x five-bedroom (First Floor) dwelling, and at Number 28 is 1 x one bedroom apartment (Ground Floor) & four-bedroom apartment (First Floor).
Alternative is to proceed with the planning which has been approved for a total development of 18 x one-bedroom apartments, spread across three separate buildings of numbers 22, 24 and 28 University Street.
To arrange a viewing contact CPS Property on: 028 9095 8888
Development Plans:
• Fantastic Investment Opportunity
• Central Location
• Significant Rental Potential
• Full Planning Approved
• Three Separate Buildings with access via Communal Stairwell
Layout Plans:
Ground Floor of Number 22, 24 & 28 University St
- Contains three 54m squared one-bedroom apartments.
First Floor of Number 22, 24 & 28 University St
- Contains six 36m squared one-bedroom apartments.
Second Floor of Number 22, 24 & 28 University St
- Contains six 35m squared one-bedroom apartments.
Third Floor of Number 22, 24 & 28 University St
- Contains three 38m squared one-bedroom apartments
Housing Tenure
Type of Tenure
Freehold
Location of 22-28 University Street
Broadband Speed Availability
Basic
Suitable for general internet use, like accessing emails and browsing social media or other websites.
Potential speeds in this area
Legal Fees Calculator
Making an offer on a property? You will need a solicitor.
Budget now for legal costs by using our fees calculator.
Solicitor Checklist
- On the panels of all the mortgage lenders?
- Specialists in Conveyancing?
- Online Case Tracking available?
- Award-winning Client Service?