The site is prominently located in East Belfast approximately 4 miles from the city centre and 2 miles from Holywood. The immediate vicinity comprises a mix of housing, Knocknagoney Park and Tesco Extra located opposite.
Due to its location the opportunity benefits from excellent transport links via the main Sydenham By-Pass (A2) and the Outer Ring (A55). Additionally the area benefits from a wide range of local amenities and leisure facilities nearby to include Holywood Golf Club, Redburn Country Park, Shorts Sports and Recreation Club, Holywood Exchange Retail Park and IKEA.
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The opportunity comprises a regular shaped site extending c. 3.27 acres with a block of 45 no. derelict apartments to be cleared for future development. The site benefits from excellent access of the Knocknagoney Road and has extensive frontage of c. 515 ft to the main Holywood Road.
Note: Some enabling works have already been undertaken by the vendor.
The site benefits from full planning permission for the demolition of the existing buildings and construction of 104 no. apartments in 3 no blocks (9 storeys) under Planning Reference: LA04/2017/0043/F granted on 9th January 2018. The scheme comprises the following: -
18 no. 1 Bed Apartments 83 no. 2 Bed Apartments 3 no. 3 Bed Apartments
A detailed architectural pack including schedule of accommodation can be provided to interested parties.
NB: Our client has also prepared drawings for a proposal to revise the existing scheme to provide a total of 132 units comprising 12 no. studios, 33 no. 1 bed, 85 no. 2 bed and 2 no. 3 bed apartments (subject to planning). Further details can be provided to interested parties.
The ready to go residential scheme provides the purchaser with an attractive return on their investment and the opportunity to retail all or part of the scheme or to hold a portion for the Private Rented Sector (PRS).
Alternatively a purchaser may also consider the opportunity to introduce a commercial/leisure use to part of the site (ie. Hotel, Office etc. subject to the necessary statutory approvals).
Site area -3.27 acres
Status: For Sale
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.