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Lot 5

74 & 76 Castlereagh Road
Belfast, BT5 5FP

Key Features

  • ATTENTION BUILDERS, DEVELOPERS AND INVESTORS
  • PRIME VALUE-ADD DEVELOPMENT OPPORTUNITY
  • TWO ADJOINING THREE STOREY COMMERCIAL UNITS
  • NO. 74 – IDEAL FOR VACANT TO VIBRANT SCHEME (STPP)
  • PLANNING APPLICATION SUBMITTED FOR 3 APARTMENTS
  • PLANNING REFERENCE: LA04/2025/0049/F
  • ON A BUSY BELFAST ARTERIAL ROUTE
  • EXCELLENT ACCESS TO BELFAST CITY CENTRE
  • HIGH-DENSITY RESIDENTIAL CATCHMENT
  • PUBLIC TRANSPORT LINKS ON THE DOORSTEP
  • EPC RATING NO. 74: D81
  • EPC RATING NO. 76: C75

Description

We are delighted to bring to auction these two adjoining red brick, three storey mid-terrace commercial properties, occupying a highly visible and accessible position on Castlereagh Road, one of the principal arterial routes into Belfast City Centre.

The surrounding area benefits from a well-established mix of commercial occupiers and dense residential housing, supporting strong long-term demand for both rental accommodation and resale opportunities.

A planning application (Ref: LA04/2025/0049/F) has been submitted for a change of use from commercial to residential, to provide three self-contained apartments, offering an attractive development exit strategy (subject to approval).

No. 74 is currently derelict and presents a full refurbishment opportunity. It is considered suitable for the Vacant to Vibrant scheme (subject to eligibility), which may provide potential grant assistance to support redevelopment.

No. 76 is income-producing, currently let on a 24-month lease at £495 per month, offering immediate rental return while planning and redevelopment options are progressed.

This is a compelling opportunity to acquire a mixed-use asset with both income and development potential. The properties offer clear scope for capital uplift through refurbishment and repositioning, making them ideally suited to builders, developers and investors seeking a project in a proven and high-demand Belfast location (subject to necessary consents).

Location

Gogogone Limited has endeavoured to prepare these sales particulars as accurately and reliably as possible. The particulars are given for your general guidance only and do not form any part of an offer or contract. The seller and agents do not give any warranty in relation to the property. All services, fittings and equipment referred to in the sales details have not been tested by Gogogone Limited and no warranty is given to their condition. We strongly advise prospective buyers to independently commission their own survey and service reports before making offer or bidding on the property.  The measurements within the details are approximate and have not been verified.

Guide Price

£160,000

DAYS

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Registration will open on Wed 3rd Jun 10:00AM

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