Development Potential
Donaldson & Lyttle Building, 68-72 Great Victoria Street, Belfast
REFURBISHMENT / REDEVELOPMENT OPPORTUNITY WITH INVESTMENT INCOME AND FULL PLANNING PERMISSION FOR 28 APARTMENTS
Overview
The subject property comprises a five storey, period building of traditional slate and red brick construction. We note the building is not listed.
The building stands on a prominent site bounded by Great Victoria Street, Bruce Street and Little Victoria Street.
The building benefits from an adjoining carpark with approximately 7 spaces.
Internally, exposed red brickwork and antique steel beams have been retained throughout the building, creating an attractive ‘loft style’ aesthetic.
Ground floor
The entirety of the ground floor is fully occupied by 5 tenants including Ginger Bistro, Hope Street Restaurant, HBTK Hair, Zach’s Barbers and the ground floor entrance to Nu Delhi. The lobby to the upper floors is accessed via an entrance on Bruce Street.
The building is served by two passenger lifts and by three internal stairwells; the main central stairwell to the upper floors and two fire escape stairwells at each end of the property. WC’s are provided on each floor level.
First floor
The first floor is fully occupied and split between two tenants, Nu Delhi Restaurant and an office suite occupied by CO3.
Second floor
The second floor is currently vacant and comprises a largely open plan office suite.
Third floor
The third floor is currently occupied by Ten Foundations Charity on a Tenancy at Will.
The floor comprises a largely open plan office suite.
Fourth floor
The fourth floor is currently vacant and comprises an open plan office suite.
Roof
Part of the rooftop is occupied by a telecoms mast with a comms room.
Key Features
- Landmark city centre building on corner of Great Victoria Street and Bruce Street
- Full Planning Permission granted in 2023 for 28 apartments
- Current income of £148,876 per annum
- Floor area of c. 23,903 sqft
- Carpark with approximately 7 spaces adjoining
23,903 sqft (2,220 m2)
Location
Address
- 68-72 Great Victoria Street, Belfast
- Belfast
- BT2 7SL
- GB
- 54.593140943168, -5.9341942534424
- Open in Google Maps
About the Area
Situated at the junction of Great Victoria Street and Bruce Street, the building occupies a prime city-centre position in one of Belfast’s most connected and fast-evolving districts.
Adjacent to the new Belfast Grand Central Station, the city’s landmark transport hub, the location benefits from exceptional regional and cross-border connectivity, with direct rail services across Northern Ireland and onward connections to Dublin. Extensive local and regional bus services are also on the doorstep, providing seamless access throughout the city and beyond.
The surrounding area is mixed use in character and is rich in culture, commerce and convenience, with the Grand Opera House, Belfast City Hall, Victoria Square Shopping Centre, and the Linen Quarter all within a short walk.
Belfast’s main business districts, universities, shopping destinations, restaurants, and nightlife are easily accessible on foot, while excellent transport links ensure swift travel to the motorway network and both Belfast City Airport and Belfast International Airport.
Price
£2,500,000.00
EPC
The property’s Energy Efficiency Rating is 101 E. Please note that the full certificate can be made available upon request.
VAT
All prices, outgoings and rentals are exclusive of, but may be liable to VAT.
Customer Due Diligence
As a business carrying out estate agency work we are required to verify the identity of both the vendor and the purchaser as outlined in the following: The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 – https://www.legislation.gov.uk/uksi/2017/692/contents. Any information and documentation provided by you will be held for a period of five years from when you cease to have a contractual relationship with Ambit. The information will be held in accordance with General Data Protection Regulation (GDPR) on our client file and will not be passed on to any other party, unless we are required to do so by law and regulation.
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