Prominent Re-Development Opportunity with Full Planning Permission
The Newtownards Road is one of Belfast’s primary eastern arterial routes, benefitting from high levels of passing vehicles and pedestrian traffic.
The subject occupies an extremely prominent location in close proximity to Connswater Shopping Centre and Retail Park, whose occupants include Argos, B & M Bargains, The Range, Lidl, Boots, Poundstretcher, McDonalds and KFC.
The property is located on the Newtownards Road with return frontage onto Welland Street, directly opposite the Albertbridge Road junction.
The existing accommodation is arranged over ground and first floor level and was previously utilised as a retail unit with ancillary storage.
The subject property benefits from full planning permission for demolition of the existing building and construction of a 4 storey mixed use scheme comprising ground floor retail unit with ancillary accommodation and 7 No. one bed and 2 No. two bed apartments arranged over the upper floors.
The immediate vicinity has recently benefitted from significant investment and regeneration to include the £2.5M development of CS Lewis Square, the public space comemorating the Belfast born ‘Chronicles of Narnia’ creator, the completion of the Connswater Community Greenway, the newly opened Pott Kettle Black, a popular restauant situated within refurbished shipping containers and the continued transformation of the Connswater Shopping Centre and Retail Park.
The subject site extends to 0.03 acres (0.012 ha).
Status: For Sale
In The Region Of: £165,000
Stamp Duty: £0*
* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.