Ulsterville Avenue is a highly convenient South Belfast location. The subject development opportunity is located off the Lisburn Road and is c.1.2 miles from Belfast City Centre. A range of social, educational and medical facilities are located within the immediate area to include Queen's University Belfast (c. 0.6 miles) and Belfast City Hospital (c. 0.4 miles). The nearest train station (Belfast City Hospital) is circa 0.5 miles away and the M1 motorway is within 1 mile. Within walking distance on the Lisburn Road there are a range of established coffee shops, bars, restaurants and boutiques.
Proximity of site to local amenities and locations;
Belfast City Centre - Approx. 1.2 miles
Queen's University - Approx. 0.6 miles
Stranmillis College - Approx. 1.2 miles
St. Mary's College - Approx. 1.0 miles
Belfast City Hospital - Approx. 0.4 miles
Royal Victoria Hospital - Approx. 1.8 miles
Belfast City Airport - Approx. 4.8 miles
M1 Motorway - Approx. 1.0 miles
Lisburn Road - Approx. 0.1 miles
49 Ulsterville Avenue represents a superb re-development opportunity within a popular and desirable location for 6 No. 1 and 2 bedroom Apartments. The existing property is a 2 storey End Terrace previously occupied as a nursery. The property remains vacant.
In order to facilitate the re-development, the existing property requires demolition to allow for the construction of the proposed new purpose built Apartment development.
Based on current and forecast market conditions, we would envisage strong demand for the proposed Apartments on both a sale and rental basis. Increased rental income generation would also be possible through short-term rental opportunities.
The existing property comprises of the following accommodation:
Entrance Hall: - Understair storage
Living Room/Playroom 1: - 12'4" x 15'11" into bay
Dining Room/Playroom 2: - 11'2" x 14'3"
Kitchen: - 8'4" x 9'8"
Bedroom 1: - 15'11" x 10'11"
Study 1: - 9'2" x 6'4"
Study 2: - 8'10" x 6'4"
Bedroom 2: - 11'10" x 10'3"
Bedroom 3: - 9'9" x 9'9"
Bathroom - 8'10" x 5'11"
49 Ulsterville Avenue benefits from Full Planning Permission - Ref: LA04/2017/2109/F for the re-development of 6 No. one and two bedroom Apartments.
TERMS OF SALE
The site is being offered For Sale by Private Treaty.
The criteria required from interested parties in placing an offer must include:
- Confirmation of name and address of proposed purchaser
- Confirmation of offer level
- Any conditions pertaining to offer
- Proof of funds from Bank to confirm that adequate funds are available to complete the purchase at offer level
- Timescale to complete the purchase post acceptance of offer
- Confirmation of solicitor who will represent purchaser
Offers Over £275,000
All prices, outgoings etc., are exclusive of VAT but may be subject to VAT.
Assumed Freehold or Long Leasehold subject to nominal ground rents.
FURTHER INFORMATION AND VIEWINGS
To arrange a viewing, or for further information, including copies of Planning Permission and associated plans please contact:
Shane Maguire M.R.I.C.S.
Land & New Homes
Telephone: 028 9068 5316
Mobile: 07442 504259
Land & New Homes
Telephone: 028 9068 5314
Mobile: 07375 034378