Development Land
Land at Hope Street, Belfast
A Landmark Residential-Led Development Opportunity in Belfast City Centre – c. 2.22 acres
Overview
The property comprises of c. 2.22 acres (0.9 ha) of undeveloped land that is irregular in shape and benefits from a broadly flat topography.
The main existing access points to the property are from Wellwood Street to the south and Great Victoria Street to the east, whilst a gated entrance is also located along the northern boundary.
A small strip of undeveloped land runs along the northern boundary of the property, which falls under the ownership of the Department for Infrastructure (DfI). It is understood that this strip of land was earmarked for the City Centre Ring Southern Section (CCRSS), which is currently being reconsidered under the Eastern Transport Plan (ETP) 2035.
The Holiday Inn Hotel (c. 9-storeys), some two-storey commercial buildings and a surface-level car park are located adjacent to the west of the property and front onto Sandy Row, whilst a range of low-rise commercial buildings are located to the east with frontage onto Great Victoria Street.
On the opposite side of Wellwood Street to the south of the property are a range of higher-density buildings, including the Victoria Place apartment block (c. 12-storeys).
The property is not located within a Conservation Area and, given its current undeveloped status, does not include any existing buildings of heritage value.
Key Features
- Total site area of c. 2.22 acres (0.9 ha)
- Landmark location in Belfast city centre
- Prominent frontage to Hope Street, Wellwood Street and Great Victoria Street
- Currently comprising undeveloped land
- Excellent transport connections with Belfast’s Grand Central Station located a short distance to the north-west
- Good connectivity to main road network with the Westlink easily accessible to the west
- Significant nearby regeneration project at Weavers Cross and further development along Dublin Road and Great Victoria Street to the east
- Indicative concept design comprising a residential-led mixedtenure development across blocks of varying scale and density
- Positive response from Belfast City Council in relation to indicative concept design following Pre‑Application Discussion (PAD) process completed in 2024
- The Northern Ireland Housing Executive is seeking a suitable developer to acquire its land at Hope Street and invites responses from those who are interested in developing and delivering a highquality residential-led regeneration scheme at the property
2.22 acres
Location
Address
- Land at Hope Street, Belfast
- Belfast
- BT12 5EE
- GB
- 54.592982508495, -5.9351757153442
- Open in Google Maps
About the Area
The property occupies a prominent position on the corner of Hope Street and Great Victoria Street, on the edge of Belfast’s city centre core and a short distance to the south-west of City Hall.
The area immediately surrounding the property continues to undergo substantial regeneration, with arguably the most significant nearby project being that at Weavers Cross. This comprises the development of up to c. 1.5m sqft of mixed-use accommodation across c. 10 plots set around the recently completed c. £340m transport hub at Grand Central Station. The scheme, which is being brought forward by Translink and their development partner, MRP, is already acting as a catalyst for further development/investment within the micro location and across Belfast’s wider city centre more generally.
The Sandy Row residential community, which has strong links to Belfast’s Victorian industrial era, is located a short distance to the west of the property.
Given its central location, the majority of Belfast’s main retail, leisure and entertainment destinations are all within close proximity to the property, including HALT (c. 3‑min walk), the Grand Opera House (c. 6‑min walk), Botanic Avenue (c. 7‑min walk), City Hall (c. 7‑min walk), Donegall Place (c. 10‑min walk), and Victoria Square Shopping Centre (c. 16‑min walk).
The property benefits from excellent connectivity, with Grand Central Station easily accessible on foot in a journey time of c. 5-minutes and providing extensive rail and bus services across the whole of Northern Ireland and beyond. Since October 2024, an enhanced Enterprise rail service between Belfast and Dublin has been operating with a total of 15 returns services running each day.
The Westlink is located a short distance to the west of the property and provides direct access to Northern Ireland’s wider motorway network, whilst Belfast’s Rapid Transit system “The Glider” runs along Howard Street a short distance to the north.
Belfast City Airport is accessible from the property by road in a journey time of c. 10 minutes.
Price
£3,850,000.00
Customer Due Diligence
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