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For Sale

427 Woodstock Road, Belfast, BT6 8PW

Guide Price

£55,000

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Commercial

Auction information for this property

To be auctioned at Stormont Hotel on

Location of 427 Woodstock Road

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features

  • Fantastic Investment Opportunity in Belfast
  • Full Planning Permission and Building Control Consent
  • Perfectly Located on the Woodstock Road, Belfast
  • Planning for 2 Apartments Spread Over the 3 Storey Building
  • Property Requires Refurbishment

description


Viewing Times:

10:35am - 11:05amTuesday 29th January
10:35am - 11:05amThursday 31st January
10:35am - 11:05amWednesday 6th February

Fantastic Investment Opportunity with Full Planning Permission and Building Control Consent ideally located on the thriving Woodstock Road, Belfast. The property has recently been passed with Full Planning for 2 apartments spread over the 3 storey building.

Located on one of Belfast's 'Up and Coming' areas with easy access to the main arterial routes to Belfast City Centre and transport links, the Woodstock Road is quickly becoming one of the highly sought after East Belfast locations with a number of local businesses such as bistros, coffee houses, retail units within easy reach.

Planning

The property has Full Planning Permission for change of use on the ground floor from commercial to residential, extending the ground floor space to the front to be in line with other properties on the street. Two self-contained apartments have been approved offer a one bedroom on the ground floor and a two bedroom on 1st and 2nd floors.

There may also be scope to increase the commercial and residential accommodation space to include a 3rd apartment, once the necessary approval is gained.

Description

The property is in need of a full refurbishment. The ground floor unit was previously used as retail unit. The upper levels are accessible, however, the entire property is in need of extensive modernisation.

This property has excellent Investment Potential.

Investment Potential

After completion of the renovation works to a high standard, we would anticipate both apartments to achieve a sales figure of £180,000 collectively if sold. Alternatively a monthly rental value of £550 would be achieved on the 1 bedroom apartment and £675 on the 2 bedroom, this would equate to an annual income of £14,700.

Comprises

UNIT 4.42m x 11.53m (14' 6" x 37' 10")
Currently a retail unit.

FRONT ROOM 4.2m x 3.9m (13' 9" x 12' 10")
Includes feature Bay window.

2ND ROOM 2.41m x 3.31m (7' 11" x 10' 10")
Rear facing

LANDING
Large landing area with WC facilities.

FRONT ROOM 4.46m x 3.6m (14' 8" x 11' 10")
Dorma window.

BACK ROOM 2.19m x 3.1m (7' 2" x 10' 2")
Velux window opening

REAR YARD
Large rear yard with added extension possibilities, which would require further permission.

Property Costs

  • Status: For Sale
  • Guide Price£55,000
  • 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.

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Contact Agent

BRG Gibson Auctions
34 High Street

Other costs to budget for

Wilson Nesbitt Solicitors

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