74 & 76 Castlereagh Road, Belfast, BT5 5FP

ATTENTION BUILDERS, DEVELOPERS AND INVESTORS
PRIME VALUE-ADD DEVELOPMENT OPPORTUNITY
TWO ADJOINING THREE STOREY COMMERCIAL UNITS
NO. 74 – IDEAL FOR VACANT TO VIBRANT SCHEME
PLANNING APPLICATION SUBMITTED FOR 3 APARTMENTS
PLANNING REFERENCE: LA04/2025/0049/F
ON A BUSY BELFAST ARTERIAL ROUTE
EXCELLENT ACCESS TO BELFAST CITY CENTRE
HIGH-DENSITY RESIDENTIAL CATCHMENT
PUBLIC TRANSPORT LINKS ON THE DOORSTEP
EPC RATING NO. 74: D81
EPC RATING NO. 76: C75

We are delighted to bring to auction these two adjoining red brick, three storey mid-terrace commercial properties, occupying a highly visible and accessible position on Castlereagh Road, one of the principal arterial routes into Belfast City Centre.

The surrounding area benefits from a well-established mix of commercial occupiers and dense residential housing, supporting strong long-term demand for both rental accommodation and resale opportunities.

A planning application (Ref: LA04/2025/0049/F) has been submitted for a change of use from commercial to residential, to provide three self-contained apartments, offering an attractive development exit strategy (subject to approval).

No. 74 is currently derelict and presents a full refurbishment opportunity. It is considered suitable for the Vacant to Vibrant scheme (subject to eligibility), which may provide potential grant assistance to support redevelopment.

No. 76 is income-producing, currently let on a 24-month lease at £495 per month, offering immediate rental return while planning and redevelopment options are progressed.

This is a compelling opportunity to acquire a mixed-use asset with both income and development potential. The properties offer clear scope for capital uplift through refurbishment and repositioning, making them ideally suited to builders, developers and investors seeking a project in a proven and high-demand Belfast location (subject to necessary consents).