305 Ormeau Road/1a Ava Avenue, Belfast

Excellent Refurbishment/ Redevelopment Opportunity (subject to planning)

Price £350,000

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Location

Property Details

Type
Status

Development
For Sale

Location
The property occupies a prominent position at the corner of Ava Avenue and the Ormeau Road, approximately 1.5 miles from Belfast City Centre. The Ormeau Road, a main arterial route serving the south of the city, is a popular suburban retail location with the surrounding area characterised by a vibrant mix of retail, food and service occupiers and a high density resident population.

The property enjoys a pleasant aspect overlooking Ormeau Park and is adjacent to The Bakery apartment & retail development, with occupiers in the locality including Tesco, Neptune, General Merchants and Greens Pizza.

Description
The subject property is a three storey end-terrace building of traditional construction, arranged to provide a ground floor retail unit previously occupied as a hair salon, a lock-up/store accessed from Ava Avenue, whilst the upper floors provide office accommodation with separate access from Ava Avenue.

The accommodation which is in need of modernisation, provides a range of finishes to include plastered & painted walls, tiled floors and suspended ceilings with recessed lighting in the former ground floor salon, whilst the upper floor finishes include plastered & painted walls and ceilings, surface mounted lighting, carpeted floors as well as gas fired heating.

To the rear there is an enclosed yard which previously housed a garage whilst there is also a strip of ground to the side of the property between the building line and public footpath.

The property provides an excellent opportunity for refurbishment or redevelopment, subject to planning. Interested parties should make their own further enquiries directly with the local planning office.

Accommodation
The property provides the following approximate internal areas:

305 Ormeau Road
- Ground Floor Salon - 503 sqft (46.71 sqm).
1a Ava Avenue
- Ground Floor Lock-up/store - 141 sqft (13.12 sqm).
- 1st Floor Offices & Ancillary - 560 sqft (52.06 sqm).
- 2nd Floor Offices & Kitchen - 399 sqft (37.04 sqm).

Total: 1,603 sqft (148.93 sqm)
* WCs reflected.

Title
We are advised that the property is Freehold.

NAV
We are advised by Land & Property Services that the NAVs are as follows:
Ground Floor: £6,450 - Rates payable for 2021/22 of approximately £3,503.
1st & 2nd Floors: £6,850 - Rates payable for 2021/22 of approximately £3,720.

VAT
We are advised that the property is not elected for VAT.

Features

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