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87-91 Botanic Ave 3,150 SF 100% Leased Retail Building Belfast BT7 1JN $2,002,029 ($635.56/SF)


INVESTMENT HIGHLIGHTS
- Great location
- Prominent corner position
- Public transport access
EXECUTIVE SUMMARY
The buildings were previously used as a Guest House and the planning history indicates that permission was previously granted for part demolition of the properties and erection of 2 shop units and 15 apartments (Z/2007/0714/F). This planning consent was granted 5th August 2008 and has since expired.
There was a further approval for 2 No retail units and 23 self-catering studio/apartments (Z/2008/2071/F). This planning consent was granted 20th May 2009 and has since expired.
Planning permission (LA04/2016/0737/F) was granted 2nd October 2019 for “Partial demolition, alteration and rear extension of existing building including change of use from guesthouse to 2no café / retail units on ground floor and 14 apartments above”. A copy of permission and drawings can be provided upon request to the agent. A CLEUD application is currently being processed.
Subject to any necessary planning consent the property may be suitable for alternative or amended planning permissions. Perspective purchasers should satisfy themselves regards current planning consent.
There was a further approval for 2 No retail units and 23 self-catering studio/apartments (Z/2008/2071/F). This planning consent was granted 20th May 2009 and has since expired.
Planning permission (LA04/2016/0737/F) was granted 2nd October 2019 for “Partial demolition, alteration and rear extension of existing building including change of use from guesthouse to 2no café / retail units on ground floor and 14 apartments above”. A copy of permission and drawings can be provided upon request to the agent. A CLEUD application is currently being processed.
Subject to any necessary planning consent the property may be suitable for alternative or amended planning permissions. Perspective purchasers should satisfy themselves regards current planning consent.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,150 SF
Building Class
B
Year Built
1980
Price
$2,002,029
Price Per SF
$635.56
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Frontage
1 1
NEARBY MAJOR RETAILERS
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Presented by
Beacon NI Property Ltd
87-91 Botanic Ave
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