Studio flat for sale

The Baronial Hotel, Donegall Square South, Belfast, BT1 5JG

Available £80,000 From

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Summary

Crowned as Best UK City, Belfast has undergone an increase in tourism over the past decade. With 1.4 million visits which contribute over £278 million to the economy and support 17,000 jobs, Belfast’s growth is only just beginning.

Located on the junction of Donegall Square and Bedford Street, The Baronial Hois in a prime city centre location overlooking Belfast City Hall and accompanying gardens.

Description

Brief History of The Baronial Ho

The Grade B1 listed building was built by Henry Seaver and completed in 1904 as Scottish Temperance. In 2013, the building was put on the market as an investment and refurbishment opportunity. The Building was converted to a hoon the same year and and was approved on 2014. A further planning application was proposed on 2014 for realigning of the Donegall Square South/ Bedford Street junction of traffic lights and lamp posts. Liverpool based developer acquired the former Scottish Mutual building during 2017 and invested for refurbishing the building for house. The former building still retains many of it's original features across all six floors, making it the perfect heritage redevelopment.

Investment Highlights

Pricing from £80,000
95% Occupancy rate
Fully managed
Premium hoin central location
7% NET yield for years 1-3
8% NET yield for year 4
9% NET yield for year 5-10

Disclaimer

Property advert Ref 3426148 - Is a property advert for marketing purposes only, the information has been supplied by the owner, estate agent or property portal and The House Shop makes no warranty as to the accuracy or completeness of the information. Furthermore we have no control over the adverts content. This property advertisement does not constitute property particulars. Please contact the advertiser to obtain any information regarding The Energy Performance Certificate regarding homes in England and Wales or Home Report for residential property in Scotland.

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