Lot 19 - 2 Sites at, 93-95 Ravenhill Road & 1B Ballarat Street, Belfast, BT6

  • Unconditional Online Auction Sale
  • Guide Price* : £450,000
  • A fantastic Opportunity to Acquire Two Adjacent Residential Development Sites
  • Both Sites have Full Planning Permission for a Combined Total of 17 x 1 Bedroom Apartments
  • Ravenhill Road Site Extends to 6,700 sq. feet / Ballarat Street Site Extends to 2,800 sq. feet
  • Estimated Sale Price of £120,000 per Apartment Once Finished to a High Standard
  • Located in this Hugely Popular and Prime Residential Area of Belfast
  • Within a Short Distance to Belfast City Centre & All Local Amenities
  • Potential to Install a Mast on Each Site Which Would Generate £3,000 Per Site a Year
  • All Plans Available Upon Request / Viewings by Appointment Through the Office

Description

93-95 Ravenhill Road, Belfast BT6 8DQ

A spacious, multifunctional commercial property which has attained full planning permission for the construction of 11 one-bedroom Apartments. Set in the prime & Popular Ravenhill Road area of Belfast, within close proximity to all local amenities such as Shops, Schools, Transport links and yet only a short walk to Belfast City Centre. The scheme has been designed to create a superb development opportunity within a stone’s throw from Belfast City which will appeal to a wide variety of potential purchasers.

The nature of the build is another addition to the regeneration of the area which has enjoyed huge investment given its location and ease of access to all major arterial routes in and out of a major city. Please further note that building control consent has been applied and paid for with drawings also available. ** The property is currently receiving rent to the sum of £1,125.00 per calendar month. **

Accommodation plan:
Ground Floor Front 39.4m2 (424 sq ft)
Ground Floor Middle 36.4m2 (392 sq ft)
Ground Floor Bins & Cycle Stores 36m2 (388 sq ft) 6.6% of total floor space
First Floor Front 48m2 (517 sq ft)
First Floor Middle 36.4m2 (392 sq ft)
First Floor Rear 37.3m2 (402 sq ft)
Second Floor Front 48m2 (517 sq ft)
Second Floor Middle 36.4m2 (392 sq ft)
Second Floor Rear 37.3m2 (402 sq ft)
Third Floor Front 48m2 (517 sq ft)
Third Floor Middle 36.4m2 (392 sq ft)
Third Floor Rear 37.3m2 (402 sq ft)
11No Apartments at 80.2% of total floor space
Circulation Space (Halls & Stairs) 72.4m2 (779 sq ft) 13.2% of total floor space

1B Ballarat Street, Off Ravenhill Road, Belfast BT6 8FU

This fantastic development site has Full planning permission granted for the construction of 6 x 1-bedroom apartments. Located just off the Ravenhill Road, which has become a most popular area, largely due to its close proximity to Belfast city centre, access to all main arterial routes, Ormeau Park and the many local amenities on offer nearby.

Given that this popular location is within walking distance of Belfast City Centre and the demand for affordable housing in this area is extremely high. This development opportunity would represent a welcome addition to the area which has benefited from huge investment in the last 2 years. ** The property is currently receiving rent to the sum of £695.00 per calendar month. **


* No information, statement, description, quantity or measurement contained in any sales particulars, or given orally, or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out, issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor in respect of the property shall constitute a representation, or a condition or a warranty on behalf of BRG Gibson Auctions Ltd, or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally, or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BRG Gibson Auctions Ltd, or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BRG Gibson Auctions Ltd, or the vendor.

Bidding not yet open
Minimum Opening Bid

£450,000


Bidding Opens On
28th Sep 2021 12:00
Scheduled End Date

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Office Contact

Chris Johnson - BRG Gibson Auctions

02890 393 966

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