Belfast Telegraph

Prime retail and residential opportunities close to east Belfast hotspot on the market

60 Upper Newtownards Road, which housed Wolsey’s fishing tackle shop
60 Upper Newtownards Road, which housed Wolsey’s fishing tackle shop
Emma Deighan

By Emma Deighan

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.

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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."

Belfast Telegraph