FOR SALE CITY CENTRE REDEVELOPMENT OPPORTUNITY WITH FULL PLANNING PERMISSION FOR RETAIL & OFFICE DEVELOPMENT

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Hector Oliver
5 years ago
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1 FOR SALE CITY CENTRE REDEVELOPMENT OPPORTUNITY WITH FULL PLANNING PERMISSION FOR RETAIL & OFFICE DEVELOPMENT

2 A2 BOYD ST SAMUEL ST ROYAL AVENUE STREET TALBOT STREET STREET GORDON STREET TOMB STREET PRIME CITY CENTRE SITE CLOSE TO CITY HALL WITH PLANNING PERMISSION FOR A 7 STOREY RETAIL/OFFICE BUILDING. 200 METRES FROM WALK BELFAST CITY CENTRE LOCATION 10TO VICTORIA SQUARE SHOPPING CENTRE MINS 5WALK TO CASTLE COURT SHOPPING CENTRE MINS The subject premises are located on Queen Street, north of Donegall Square and Wellington Place in the heart of Belfast city s business district. The building occupies a corner site on Queen Street and College Street, approximately 200 metres from Belfast City Hall and 200 metres from the main shopping areas in Belfast city centre. Victoria Square is approximately a 10 minute walk away while CastleCourt is approximately a 5 minute walk. Nearby occupiers include retail, government offices and a number of private office buildings. Swanston Hall (14 storeys), opposite will provide 317 student units on completion and Queen s University are currently onsite at College Avenue (12 storeys) to promote a further 740 units. BROWN ST GLENGALL STREET ROW 7 HOPE ST B126 WELLWOOD ST B126 6 KING ST COLLEGE CT BERRY STREET QUEEN ST UPPER QUEEN ST QUEEN ST BRUCE STREET GRESHAM STREET FOUNTAIN STREET 1 CASTLE STREET WARING STREET HIGH STREET ANN STREET CHICHESTER STREET QUEEN S SQUARE MAY STREET MAY STREET HOWARD STREET JAMES STREET SOUTH ALFRED STREET ADELAIDE STREET LINENHALL STREET BEDFORD STREET ROYAL AVE NORTH STREET FRANKLIN STREET HAMILTON STREET HARDCASTLE ST DONEGALL PLACE CASTLE PLACE CASTLE LN 5 CALLENDER ST DONEGALL SQUARE EAST ORMEAU AVENUE BANKMORE STREET BRIDGE END 1 CASTLE COURT SHOPPING CENTRE 4 WATERFRONT HALL 6 GREAT VICTORIA STREET TRAIN / BUS STATION 2 VICTORIA SQUARE SHOPPING CENTRE 5 BELFAST CITY HALL 7 WEAVERS CROSS BUS & RAIL HUB 3 LAGANSIDE COURTS BRIDGE STREET ARTHUR ST UPPER ARTHUR ST HILL STREET JOY ST JOY ST JOY ST ORMEA GRACE ST VICTORIA STREET MARKET ST RAPHAEL ST A2 OXFORD STREET 2 3 OXFORD STREET OXFORD STREET EAST BRIDGE ST A20 FRIENDLY ST WELSH ST MCAULEY ST CROMAC ST RIVER 4

3 WATERFRONT HALL ULSTER BANK BELFAST CITY HALL BEDFORD STREET VICTORIA SQUARE MERCHANT SQUARE DONEGALL PLACE DONEGALL SQUARE WEST HOWARD STREET FOUNTAIN STREET WELLINGTON PLACE SWANSTON HALL QUEEN STREET COLLEGE STREET OFFERS OVER 2.50 MILLION

4 DESCRIPTION The subject property currently comprises a three storey building of retail units at ground floor and office units in a courtyard arrangement at first floor level. The building was constructed in the early 1980 s and is brick clad with steel frame. The building provides 6 no. retail units and 5 no. office suites totalling 15,861 sq ft. The building is predominantly vacant although a number of tenants are holding over on a month to month basis.

5 PLANNING PERMISSION A scheme has been designed but not yet submitted for planning for a 12 storey building totalling approx 81,655 sq ft over 12 floors. The property has a current live planning permission for redevelopment to provide 52,987 sq ft of offices and retail over 7 floors (Planning Ref: Z/2010/0385/F). Planning expires in August ACCOMMODATION SCHEDULE FOR PROPOSED NEW SCHEME Proposed First Sixth Floor Floor (Gross Internal Area) Sqm Sqft Ground (Retail) 582 6,265 First 738 7,940 Second 738 7,940 Third 738 7,940 Forth 738 7,940 Fifth 738 7,940 Sixth 738 7,940 Seventh 516 5,550 Eighth 516 5,550 Ninth 516 5,550 Tenth 516 5,550 Eleventh 516 5,550 Total Retail 582 6,265 Total Office 7,008 75,390 Total 7,590 81,655

SITE AREA Site area of 0.18 acres. TITLE We have assumed this site is freehold or long leasehold subject to nominal ground rent. PRICE Offers over 2,500,000, exclusive.

6 SITE AREA Site area of 0.18 acres. TITLE We have assumed this site is freehold or long leasehold subject to nominal ground rent. PRICE Offers over 2,500,000, exclusive. VAT All prices are quoted exclusive of VAT, which may be payable. FOR FURTHER INFORMATION AND VIEWING CONTACT These particulars are issued by CBRE on the understanding that any negotiations relating to the property are conducted through them. Whilst every care is taken in preparing them, CBRE for themselves and for the vendor/lessor whose agents they are, give notice that:- (i) the particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract, (ii) any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access or any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness, (iii) neither CBRE, nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Note: All plans and photographs are for identification purposes only. Subject to contract. June Lisa McAteer CBRE The Linenhall Linenhall Street Belfast BT2 8BG T E CBRE_NI Robert Ditty CBRE The Linenhall Linenhall Street Belfast BT2 8BG T E robert.ditty@cbre.com

FOR SALE BY PRIVATE TREATY C. 9,770 sq ft / 900 sq m. Washington Bar and Restaurant 21 Howard Street, Belfast, BT1 6NB

FOR SALE BY PRIVATE TREATY C. 9,770 sq ft / 900 sq m Washington Bar and Restaurant Investment Highlights Long established business Prime location in Belfast City Centre Includes both bar and restaurant