403sq m
Back to results
161 - 169 Cromac Street, Belfast, BT2 8JE
New
For
Sale
File Ref: 9316
City Centre Development Opportunity
Gateway Location
Suitable for wide variety of uses
The subject comprises a rare opportunity to acquire a city centre holding with potential to develop an iconic building in a superb gateway location.
The site is highly prominent and suitable for a wide variety of uses, subject to planning.
The holding comprises three adjoining terrace buildings known as 161—169 Cromac Street. These are arranged over ground, first and second floors and benefit from rear access via Joy Street.
The opportunity will be sold with the benefit of vacant possession.
We have been unable to accurately measure the internal size of the subject properties due to their condition.
| Price: | £750,000 |
| Title: | We assume the property is held under freehold title |
Site & Proposed Development
The subject holding extends to c. 403 sq m (0.1 acres).
Planning
The subject properties are zoned as ‘white land’ within the Belfast Metropolitan Area Plan 2015 (City Centre) and adjoin an area zoned for housing which has been developed to form the Lucas Apartments.
A large area of land sitting opposite is currently being developed for a large scale housing led mixed use development for some 94 No. housing units and a range of commercial uses.
This much needed regeneration project will no doubt enhance the surrounding area to include Cromac Street, and offer lucrative development opportunities.
NAV / Capital Value
161—165 Cromac Street £7,650 (£4,585.12) / 169 Cromac Street £2,750 (£1,648.25)
All perspective purchasers should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT.
161 - 169 Cromac Street, Belfast, BT2 8JE
Belfast City Centre
c. 10 mins walk
Belfast City Airport
c. 15 mins drive
This unique development opportunity is strategically located on Cromac Street at its junction with the Ormeau Road and Ormeau Avenue. It is positioned adjoining the Lucas Building and opposite The Gasworks, a mixed use commercial development.
Accommodation Details
We have been unable to accurately measure the internal size of the subject properties due to their condition.
Sales Details
| Price: | £750,000 |
| Title: | We assume the property is held under freehold title |
Site & Proposed Development
The subject holding extends to c. 403 sq m (0.1 acres).
Planning
The subject properties are zoned as ‘white land’ within the Belfast Metropolitan Area Plan 2015 (City Centre) and adjoin an area zoned for housing which has been developed to form the Lucas Apartments.
A large area of land sitting opposite is currently being developed for a large scale housing led mixed use development for some 94 No. housing units and a range of commercial uses.
This much needed regeneration project will no doubt enhance the surrounding area to include Cromac Street, and offer lucrative development opportunities.
NAV / Capital Value
161—165 Cromac Street £7,650 (£4,585.12) / 169 Cromac Street £2,750 (£1,648.25)
All perspective purchasers should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT.
161 - 169 Cromac Street, Belfast, BT2 8JE
Belfast City Centre
c. 10 mins walk
Belfast City Airport
c. 15 mins drive
This unique development opportunity is strategically located on Cromac Street at its junction with the Ormeau Road and Ormeau Avenue. It is positioned adjoining the Lucas Building and opposite The Gasworks, a mixed use commercial development.
You might also be interested in
For
Sale
Lands at North Queen Street / Frederick Street, Belfast, BT1 2LW
Price On Application
For
Sale
For
Sale
1– 3 Queen Street & 56 Castle Street, Belfast, BT1 1HD
In The Region Of £1,350,000
For
Sale
