2-6 Castle Street / 1-5 Greenwell Street,
Ulster Property Sales
£700,000
Description
Key Features
- ✓Comprising c. 0.35 acres in a prominent town centre location
- ✓Mixed-use development potential (subject to planning)
- ✓Retail frontage to Castle Street & Greenwell Street
- ✓Strong residential demand in Newtownards
- ✓Understood to be located in an area of `social´ housing need.
Rooms
Location
Newtownards is a thriving market town situated approximately 12 miles east of Belfast City Centre. With a resident population of c.28,000 and a wider district population of c.70,000, the town serves as a key commercial hub for North Down and Ards.Castle Street is a busy arterial route on the south-east edge of the town centre, benefitting from high visibility and consistent footfall.
The Site
The existing site, outlined in red, currently accommodates a barbershop, car wash, mechanic´s garage, commercial property (trading as a hot food establishment with a rental income of £9000 pa) and apartment.
Development Potential
Planning concepts have been prepared for a mixed-use scheme, maximising the potential of this prominent site.
Ground Floor (Commercial Use)
- 3 retail units (ranging from 1519 - 2406 sq ft)- Car park with dedicated residential and retail service access- Bicycle storage and bin provision
Upper Floors (Residential Use)
- 32 high-quality apartments designed for modern living- Mix of 1, 2, 3 and 4-bed units (2-6 persons)- Private balconies to selected apartments- Roof garden and shared external amenity space- Circulation cores with lift and stair access
Location
Approximate location — confirm with the agent.