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For sale
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Library Street, Belfast, BT1 2FP

Development Land

POA

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Property Overview

Status

For Sale

Land Type

Development Land

Property Features

Size

1 acres

Property Financials

Price

POA

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Additional Information

Additional Information

  • Prime City Centre location.
  • 0.1 miles from the Ulster University Belfast campus.
  • Close proximity to CastleCourt Shopping Centre and Belfast’s main retailing core.
  • Full planning permission for 795 PBMSA units and 2 ground floor commercial units totalling 5,100 sq ft.
  • While supply has surged, research still estimate a need for c.5,000 more beds by 2030.
  • Euro Car Parks Ltd operate a car park on-site under a license agreement. The license fee is currently £33,000 per annum.

The subject comprises a  1-acre site (0.40 hectares), rectangular in shape and of flat topography. The site is bounded to the east by Library Street, the north by Stephen Street and to the west by Little Donegall Street. Immediately adjacent to the site is Alma Place and the Biscuit Factory PBMSA developments.

Upon completion the purpose-built scheme will offer high quality accommodation and amenity provision. The scheme will provide 795 rooms and is arranged in various bronze, silver and gold clusters and studios (bronze, silver and gold (DDA) throughout all floors. Additionally, there are 2 ground floor commercial units totalling 5,100 sq ft.

Euro Car Parks Ltd operate a car park on-site under a license agreement. The license fee is currently £33,000 per annum.

Directions

Belfast, the capital of Northern Ireland is the 12th largest city in the United Kingdom and the 2nd largest on the island of Ireland. The city is located approximately 165 km (103 miles) north of Dublin and 120 km (75 miles) southeast of Derry-Londonderry.

Belfast has an excellent communication network. The M2 motorway provides access to the north towards Antrim and Londonderry/Derry and the M1 motorway provides access to the south and west of the Province towards Lisburn and Dublin.

The city benefits from four railway stations, and the Belfast to Dublin train route has a journey time of approximately 1 hour 50 minutes. The two airports, Belfast City and Belfast International, provide access to all major UK and a large number of destinations across mainland Europe.

The wider Belfast Metropolitan Area has a population extending to approx. 650,000. As the largest commercial centre in Northern Ireland, Belfast has developed into one of Ireland’s premier business cities and has the largest employed population in the region.

Belfast in the last few years has been extremely successful in attracting Foreign Direct Investment driven primarily by a highly skilled and educated employment base, competitive operating costs, and advanced telecoms infrastructure.

Location

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Contact CBRE NI

+44 28 9043 8555

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