Blog » Prime retail and residential opportunities in Belfast

Prime retail and residential opportunities in Belfast

A prime business opportunity close to the up and coming Ballyhackamore in East Belfast has come on to the property market this week, as three residential blocks and a three-storey retail outlet are listed.

The terraced sites, which are being sold as four separate entities, include number 60 Upper Newtownards Road — the home of a fishing tackle store — Wolsey’s, with two storeys of storage space and 62 Upper Newtownards Road, which is a two-and-a-half storey former retail property requiring full refurbishment.

Meanwhile, properties at 64 and 68 Upper Newtownards Road are three-storey former dwellings with parking at the rear.

All the properties demand refurbishment/redevelopment and could be developed into residential or commercial interests.

The prices for the individual properties start at £39,950 and go up to £65,000.

In Belfast city centre a popular cafe has gone on the market for a second time. Belfast Tea & Coffee Company, which is an ‘artisan fine food deli’ on Royal Avenue was established seven years ago and has re-entered the market due to “abortive negotiations” according to property agent Templeton Robinson.

The site is a fitted cafe with approximately 32 covers on the ground floor and 16 covers on the first floor.

Its current six-year lease commenced from February 2018, with a rent of £18,000 per year. Templeton Robinson, which has listed the property, commented: “This is an excellent chance for the right person or company looking to invest in a well established and thriving business in a prime city centre location, offering an immediate walk-in trading opportunity.

“There is also excellent potential for expansion and possible rebranding/franchising.”