10-20 Downshire Road, Holywood BT18 9LU

Description

Development opportunity comprising 0.20 hectares(0.50 acres).

The proposed apartment block will include 6 one bedroom and 15 two bedroom apartments, associated landscaping, access, car and cycle parking areas.

The site currently comprises a mid terrace residential dwelling and a 2 storey office building with associated surface car parking.

Available for offers in excess of £1,250,000 exclusive.

Location

Holywood is a popular commuter town 6 miles east of Belfast City Centre. It lies within North Down & Ards Council area and benefits from good transport links via road, rail and bus to Belfast City Centre and Bangor.

The subject occupies a prominent location at the corner of Downshire Road and Church View within Holywood town centre. There are a mix of land uses in the immediate vicinity to include commercial / office uses and medium - high density residential dwellings. There are a range of convenience retail and dining offerings along High Street which is approx. 100 metres from the subject site.

The site comprises an irregular shape with frontage to Church View and Downshire Road.

12 Downshire Road - Residential Dwelling
Two storey, mid-terrace residential dwelling currently vacant.

14-20 Downshire Road - Office building & Car Park
Two Storey mid terrace office building incorporating an archway access to surface car park to the rear with capacity for up to c.30 cars. The building is vacant.

Accommodation

The site area is 0.20 hectares (0.50 acres). We have been provided with measured areas of the existing buildings on the site as follows:

Rates

The subject properties have the following LPS (domestic & non-domestic) rating assessments based on the 2023 revaluation:

The rate in the pound for Ards and North Down is 0.5223. Vacant units will benefit form 50% vacant relief. The units may also benefit from a 20% discount via small business relief. Further queries in this regard should be made to directly to LPS.

Planning

The site benefits from the following planning permission:

Application No: LA06/2020/0865/F

Description: Three storey apartment building containing 21 no. apartments (6 one bedroom and 15 two bedroom), associated landscaping, access, car and cycle parking areas (including demolition of Downshire Road Church Hall and adjacent office buildings)

Approval: 23 July 2021

Schedule of Accommdation: Available on Request