Location of 1– 3 Queen Street & 56 Castle Street
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Income Producing City Centre Buildings with Obvious Redevelopment Potential
The subject property is prominently located at the junction of Castle Street and Queen Street in the heart of the City Centre.
The immediate vicinity comprises a mix of retailers, cafes and offices, with neighbouring occupiers including Primark, Mourne Seafood and the Law Centre NI.
Additionally the property is situated in close proximity to Castle Court Shopping Centre and the city’s prime retailing core.
The subject comprises an impressive three–storey period building with a two–storey modern extension.
The period building has a traditional brick external finish and benefits from a number of original features, with a curved sandstone side entrance with bow windows above and ornamental finials surrounding the perimeter of the building’s roof.
The modern section of the property fronting Queen Street has a rendered external finish, a flat roof, feature window trims on the first floor and roller shutter goods–in access to the street.
The ground floor of the period building and entire modern extension have been let to Poundstretcher Limited since 1997, with a current passing rent of £50,000 per annum.
The overall site extends to c. 0.16 acres (650 sq m).
Status: For Sale
In The Region Of: £1,350,000
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.