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Sale Agreed

Commercial Site
Unfurnished



Asking Price
£ 94950

EPC Rating :

148 Ormeau Road,
Belfast,
Belfast, BT7 1LU

Our Ref :
PS0435
Property Sales & Lettings NI are delighted to bring to the sales market this fantastic Investment Opportunity with Full Planning Permission and Building control consent ideally located on the ever popular Ormeau Road, Belfast. The property is passed with full planning and Building control consent for ground floor office space and two one bedroom apartments across the 1st and 2nd floors.

Planning:

The property has full planning permission for change of use on the ground floor into office space and extending the ground floor space to the front to be in line with other properties on the street. Two one bedroom Apartments have been approved for the space on the first and second floors.

Investment Potential (once renovated):

We estimate the cost of renovation of office space and both apartments to be in the region of £100,000. After completion to a high standard, we would anticipate the apartments to achieve a sales figure of around £185,000 collectively and ground floor office space £85,000. We would anticipate an annual rental return of £14,100 for the apartments with the commercial space yielding £14,400 pa. The overall annual income of £28,500 renders this investment; an opportunity is not to be missed.

This investment offers excellent potential, so we highly recommend early viewings to avoid disappointment.


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