Lot 13 - Development Lands at Citylink Business Park, Durham Street, Belfast, Co Antrim, BT12 4YD

  • Unconditional Online Auction Sale
  • Maximum Reserve : £1,750,000

Maximum Reserve: £1,750,000

City Centre Development Lands Extending to 1.83 acres

  • Four neighbouring sites
  • Site Areas 0.30, 0.29, 0.73 and 0.51 acres
  • Suitable for Development subject to planning

Location

The subject portfolio are approximately ½ mile west of Belfast City Hall and is accessed off Durham Street/Albert Street. The sites are easily accessible from the Grosvenor Road in close proximity to the junction with the A12 Westlink.

Nearby occupiers to the subject site include Royal Belfast Academical Institution, Andrews Flour Mill and the PSNI Grosvenor Road barracks.

Description

The subject portfolio comprises 4 no. development plots within the existing Citylink Business Park development. Plots A and B are located either side of the main entrance gate, each extending to approximately 0.3 acres with frontage onto Albert Street. Two additional sites (Plots C and D) are situated to the rear, one to the east and one to the west, with C extending to 0.73 acres and D extending to c. 0.51 acres.

The subject portfolio includes all the lands shown edged red for identification purposes only on the Ordnance Survey ACE map attached subject to the reversionary interests in the 999 year leases affecting those buildings shown shaded yellow for identification purposes only on the said map.

All of the sites are cleared of previous buildings and overlaid in hardfill. The rear sites are currently being used as car parking serving the Citylink Business Park and wider city centre.

Accommodation

Plot A - 0.30 acres
Plot B - 0.29 acres
Plot C - 0.73 acres
Plot D - 0.51 acres

Tenancy

There are currently 20 no car parking spaces let on short term licences affecting part of the property and producing a current income of £20,000 per annum exc.

Planning

The subject is zoned in the Belfast Metropolitan Area Plan and sits within Belfast City Centre. The site is not designated for any specific use category. We advise all interested parties to conduct their own enquiries.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the iOK Auction website (www.iokauction.com).

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Security Deposit

£10,000

Buyer's Administration Fee

£720

Maximum Reserve

£1,750,000

Vendors Solicitor

Victor Sefton, Kearney Sefton, Franklin House, 10-12 Brunswick Street, Belfast, BT2 7GE
028 9023 2940

Agreement Documents

Additional Documents

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