For Sale

140-144 University Avenue, Belfast, BT7 1GZ

Asking Price

£325,000

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Site

Location of 140-144 University Avenue

Travelling along the Ormeau Road away from the city centre, University Avenue is on the right hand side. The site is on the right as you turn up University Avenue.

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features

  • Located Just Off The Ormeau Road In The University Area Of Belfast.
  • Full Planning Permission For 13 Apartments.
  • Located In An Area Of High Rental Demand.
  • Significant Level Of Development Taking Place In The Immediate Area.
  • Opportunity For A Developer To Acquire A Site With Full Planning Permission.
  • Asking Price £325,000.

description

LOCATION The subject site is located on University Avenue which connects University Road to the Ormeau Road in South Belfast. The property is located within walking distance of Queens University, The Royal Victoria Hospital and Stranmillis College. Belfast City Centre can also be reached by car or on foot via the Ormeau Road. The immediate area comprising of high density housing – many of which have been converted into apartments. The population of the University Area comprises mostly of students and young professionals. Rental demand in the area is strong. More specifically the subject property is located at the lower end of University Avenue close to its junction with the Ormeau Road. DESCRIPTION The subject site is a cleared development site of approximately 4,000 sq ft with approximately 60 feet of frontage to University Avenue. PLANNING PERMISSION Full planning permission was granted on 24th June 2019 for 13 apartments arranged over ground, first, second and third floors. Planning reference LA04/2017/2110/F. A copy of the planning permission is available on request via email. SCHEDULE OF PROPOSED ACCOMMODATION (approximate only) Ground Floor One Bed 493 Ground Floor One Bed 493 Ground Floor One Bed 535 Ground Floor One Bed 535 First Floor Two Bed 678 First Floor Two Bed 663 First Floor Two Bed 678 Second Floor Two Bed 678 Second Floor Two Bed 648 Second Floor Two Bed 678 Third Floor One Bed 504 Third Floor Two Bed 574 Third Floor One Bed 504 TOTAL SQ FT 7,661 (The above figures are approximate only and prospective purchasers should seek confirmation from an architect). PRICE Offers are invited in excess of £325,000. VAT The asking price is exclusive of but may be liable to VAT. FURTHER INFORMATION For further information please contact the selling agent on 02890 308855 or info@douganproperty.com

Property Costs

  • Status: For Sale
  • Asking Price£325,000
  • Stamp Duty: £6,250*

* 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

Dougan Residential
Unit 6 Orpen Shopping Centre

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