Lot 12 - 22 Rydalmere Street, Belfast, County Antrim, BT12 6GF

  • Unconditional Online Auction Sale
  • Guide Price* : £50,000

Guide Price* : £50,000

Development Opportunity

  • Warehouse On 0.1 Acre
  • Planning for 2 No Semi Detached Units
  • Close proximity to Motorway and City Centre

Location

The premises is located on Rydalmere Street, just off Donegall Road in South Belfast. The immediate vicinity comprises a high density of residential, with a range of shops and amenities nearby. The premises also benefits from being approximately 2 kms from the city centre.

Description

The building currently comprises a single storey dated workshop building substantial frontage onto Rydalmere Street. The premises is constructed of galvanised cladding to the front and sides with an aluminium pitched roof and concrete flooring throughout. To the rear of the building is a garden with southerly aspect. The current property is in need of complete renovation however it maybe suitable for residential. See planning section.

Accommodation

Warehouse: 1,313 sq ft (122 sq m)

Tenancy

Sold With Benefit Of Vacant Possession

Planning

Planning permission has been granted for the erection of 2 no. 3-bedroom semi-detached dwellings (expiration date Sep 2025). Further information can be accessed via the planning portal using the reference code: LA04/2021/2056/O.

VAT

All figures quoted are exclusive of and may therefore be liable to VAT.

Title

Please refer to vendor’s solicitor for Title Pack or download from the OK Auction website (www.osborneking.com/online-auctions).

Land and Property Services Rates Assessment

Net Annual Value: £1,600

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Security Deposit

£5,000

Buyer's Administration Fee

£1,200

Guide Price*

£50,000

Vendors Solicitor

Gillen & Co Solicitors, 3 Old Kenlis Street, Banbridge, Co Down, BT32 3BD
028 4062 6639

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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.