173 Newtownards Road & 1-5 Templemore Avenue

Welcome this outstanding corner development opportunity extending to circa 0.1 acres, complete with full planning permission. This prime site offers an exceptional opportunity to deliver a high-quality scheme comprising 20 apartments and 2 retail units, ideally positioned within the ever-popular and highly accessible area of East Belfast.

LOCATION

Occupying a prominent and highly visible corner position at the junction of Newtownards Road and Templemore Avenue, the site benefits from excellent frontage and accessibility via Bridge End and Upper Newtownards Road. This well-connected location offers ease of access to a range of local amenities and transport links, while Belfast City Centre is situated just 1.6 miles away, making it an attractive proposition for both residential and commercial occupiers.

DESCRIPTION

The subject lands comprise a well-proportioned corner site of circa 0.1 acres, benefitting from full planning permission for a thoughtfully designed mixed-use development. The approved scheme includes 17 one-bedroom apartments, 3 two-bedroom apartments, and 2 ground floor retail units, set across an impressive five-storey building.

The development has been carefully considered to maximise both space and functionality, incorporating a rear courtyard, dedicated bin storage, and a roof terrace at fourth floor level, enhancing the overall appeal for future residents.

Planning Reference – LA04/2020/1363/F – A full planning pack is available upon request.

SERVICES & CONNECTIONS

As per the planning documentation, there are no specific conditions relating to sewage or water connections. Consultation feedback from NI Water confirms that both foul and storm sewers are located within 20 metres of the site.

NI Water has further confirmed its responsibility to facilitate connection into the existing infrastructure. It is also noted that storm water run-off will be required to be controlled to greenfield run-off rates, in line with current environmental standards.

GUIDE PRICE

We have been instructed to seek a guide price of £425,000 (Four Hundred and Twenty-Five Thousand Pounds), representing an attractive opportunity for developers and investors alike.

VIEWING INFORMATION

Interested parties are encouraged to carry out their own independent due diligence. For further information or to register interest, please contact our commercial team on:

028 95 622 188

For sale by CPS Property, Belfast via the iamsold Bidding Platform

Please note this property will be offered by online auction (unless sold prior). For auction date and time, please visit iamsoldni.com. The vendor may consider pre-auction offers, and early registration is recommended to avoid disappointment.

Auctioneers Comments:
This property is offered under Traditional Auction terms. Should you view, offer or bid on the property, your details will be shared with the Auctioneer, iamsold.

Under this auction method, contracts are exchanged immediately, with completion required within 28 days of exchange.

The successful purchaser will be required to pay a non-refundable 10% contract deposit (subject to a minimum of £6,000.00). In addition, an Administration Fee of 1.80% of the final sale price (inclusive of VAT) is payable to the Auctioneer, subject to a minimum fee of £2,400.00 (inclusive of VAT).

All buyers must complete an identification verification process with iamsold and provide proof of funding.

Terms and conditions apply. Please refer to the Buyer Information Pack for full details, including any special conditions relating to this lot.

The property is subject to an undisclosed Reserve Price, and both the Reserve Price and Starting Bid may be subject to change.