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.
Description
Newtownards lies approximately 12 miles east of Belfast City Centre, with a town population of around 28,000 and a wider district population of approximately 70,000. Castle Street is a well-trafficked thoroughfare located on the south-east edge of the town centre.
The site circa 0.35 acres, currently comprises a barbershop, car wash, fast food outlet and mechanic´s garage and offers significant potential for residential or commercial redevelopment (subject to planning approval).
This site presents an excellent opportunity for investors and developers seeking to deliver a high-quality residential and commercial scheme in a strong commuter town with proven demand.
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
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