Business

Belfast development site with approval for 16-storey apartment complex on the market for £2m

A development site with planning permission for a 16-storey apartment complex, adjacent to The Boat residential development and the landmark McHugh's Bar, is on the market for £2 million.
Gareth McKeown

A PRIME Belfast development site with planning permission for a 16-storey apartment block, has been put up for sale.

The 0.08 acre Queen's Square site, adjacent to The Boat residential development and the landmark McHugh's Bar is on the market for offers in the region of £2 million.

Full planning permission for a 26,566 sq ft residential complex, comprising 60 apartments was granted to Village Homes NI in November 2013, but the development has yet to be built.

Last year the three-storey building at the site was demolished, agreed as part of the original planning permission, paving the way for construction work to finally begin for the new city centre apartment block.

Lambert Smith Hampton has been tasked with finding a buyer for the prime site, with strong interest expected.

Meanwhile part of the former Belfast home of furnishing chain, Hanna & Browne is set to be turned into apartments.

The Fountain Street site, which until November was the home of The Spinning Wheel curtain and fabric store, is the subject of a planning application from Belfast property developer, Michael Herbert.

The development plans from Kirk Bryson and Co, a firm spearheaded by Mr Herbert, propose the refurbishment of the ground floor retail unit and the creation of six apartments on the first and second floors.

Kirk Bryson and Co is also behind a new multi-million pound apartment development at Westgate House on the neighbouring Queen Street.

The application, submitted in December, is for the demolition of the existing four-storey office building to pave the way for the construction of 54 apartments, as well as a retail unit on the ground floor.

In addition to 10,000 sq ft of office space on the upper floors, Westgate House is currently home to two retail units, one of which is occupied by Shopmobility.

Kirk Bryson & Co acquired the site two years ago for an undisclosed sum. At the time the site had been listed for sale with a maximum reserve of £750,000.

In August 2017 the group submitted a change of use application for the former dry cleaners on Queen Street to hot food/restaurant use.

One of the north's richest men, Michael Herbert controls the largest KFC franchise in central Europe, with the portfolio stretching to over 150 stores across the UK and Ireland.

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