74 & 76 Castlereagh Road, Belfast, BT5 5FP

Property Sales and Lettings NI are delighted to welcome to the sales market these two adjoining red brick, three story 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. 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).

• 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.
• 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