Potential Residential Development Opportunity extending to c. 15.9 acres.
Belfast is the largest urban settlement in Northern Ireland, having a population of c. 614,000 within its Metropolitan area, being a progressive European city with an increasingly diverse economy, a rejuvenated city core and much enhanced retail, leisure and housing stock. The subject property is located within the western segment of the city adjoining an area predominated by social housing yet convenient to major schools and retail facilities. There is a significant shortage and substantial demand for private, social and affordable housing in this area of Belfast. The site is currently accessed from the Upper Springfield Road with an additional secondary access point available from Dermott Hill. The holding comprises a substantial block of largely undeveloped land, being the former St Gerard’s Educational Resource Centre, which at one point had in excess of 550 pupils. The site enjoys a strategic location on the western fringe of the city with the majority of the lands being within the Limit of Development. The lands enjoy an elevated position resulting in much of the site having panoramic views of the city of Belfast and beyond to open countryside. The lands extend to c. 15.9 acres with c. 11.2 acres zoned as ‘white land’ and c. 4.7 acres adjoining the Development Limit.
Status: For Sale
Offers Over: £4,000,000
Stamp Duty: £378,750*
* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.