Cash Buyers Only!

Nicholas Residential are delighted to bring to the market this mixed-use investment opportunity located on the busy Albertbridge Road in East Belfast. Benefiting from full planning permission for the conversion of the upper floors into a 4-bedroom HMO while retaining the existing ground floor commercial unit, the property offers excellent development and investment potential in a highly accessible location close to Belfast City Centre.

Planning permission has been granted under application reference LA04/2024/1828/F for the change of use of the upper floors to provide a 4-bedroom / 4-person HMO together with a rear dormer extension, separate residential access and associated elevation alterations.

The approved accommodation extends across the first and second floors and comprises four bedrooms, an open-plan kitchen/living/dining area, bathroom and shower room facilities, together with storage and laundry space. The ground floor commercial premises are to remain, creating an attractive mixed-use asset with strong future rental potential.

The planning approval confirms the proposal falls within accepted HMO concentration limits and was considered acceptable in terms of design, amenity and overall impact on the surrounding area.

This property will appeal to investors, developers and experienced landlords seeking a value-add opportunity in a strong rental location.

Please note that HMO licensing and Building Control approvals will still be required prior to occupation. The property is offered for sale as seen, and due to the nature and condition of the building, cash buyers only are invited to apply.