Lot 16 - Building Site, 1B Ballarat Street, Ravenhill, Belfast, Down, BT6 8FU

  • Unconditional Online Auction Sale
  • Guide Price* : £150,000
  • A Fantastic Opportunity to Acquire a Residential Development Site
  • The Site has Full Planning Permission for a Total of 6 x 1 Bedroom Apartments
  • 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 the Site which would generate £3,000 Per Year

Description

Building Site at 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 in 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

£150,000


Bidding Opens On
26th Oct 2021 12:00
Scheduled End Date

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