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For Sale In One Or Two Lots, Apartments At Glenwhirry Court, Newtownabbey, County Antrim, BT37 0GY

For Sale, Asking Price £360,000

  • Apartment
  • BEDROOMS 0
  • RECEPTIONS 0
  • EPC RATING (D) 66
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Property Description

FOR SALE

Simon Brien Residential are pleased to present an excellent opportunity to purchase a refurbishment opportunity at Glenwhirry Court, Newtownabbey, comprising of 6 apartments within 1 block of 3. Formerly student accommodation for University of Ulster, Jordanstown, there are two ground floor 5 bedroom apartments and 4 duplex 5 bedroom apartments over the first and second floor, accessed via private own door entrances. The above refurbishment opportunity is being offered as one lot or can be bought by individual sale. The development offers communal grounds and car parking which has all been well maintained.

LOCATION

Occupying a prominent site, this superb investment opportunity is accessed off the Glenville Road, Newtownabbey. There is an excellent range of amenities in the immediate vicinity including attractions such as Glen Park Country Park, Three Mile Water Conservation Park and Burnfield House Golf Course including schools, restaurants, churches, and public transport. Within a 5 minute drive to wide-ranging shopping facilities at Carrickfergus. Glenwhirry Court is also highly convenient to the M2 and connecting motorway network, Duncrue Industrial Estate and Sea Ferries Port to Scotland and England. George Best Belfast City Airport is c.8.5 miles away and Belfast City Centre c.6.5 miles away. The loughshore has walking and cycling paths that connect to Belfast City Centre and Jordanstown.

North Belfast has a strong investor and first time buyer demand and further growth potential in the Northern Ireland residential property markets.

There is an undersupply of both new build and resale property which is fuelling demand and boosting property values.

DESCRIPTION

Occupying a prominent site, the Glenwhirry Court apartment buildings were constructed in the 1980's, and comprised of 18 five bedroom apartments within 3 blocks. The apartments represent an excellent opportunity for refurbishment for onward sale of the units or as an investment portfolio.

Lot 1

6 x five bedroom apartments in Block A as detailed. Asking Price £360,000

Lot 2

Individual five bedroom apartment in Block A as detailed. Asking Price £65,000 per apartment.

RESIDENTIAL MARKET

The Northern Ireland housing market is currently exceptionally buoyant with confidence having returned, and recovery well underway in terms of price growth and demand. Over recent months we have seen a considerable increase in demand for housing in the Greater Belfast area. Housing stock for both rental and sale properties are currently low in the area, which is fuelling demand, and with so many local amenities, including restaurants, shops, sporting facilities and schools in the immediate area of this property; this is an excellent project for a developer or investor alike.

The recently released University of Ulster Quarterly House Price Index recently backed up this market trend, advising that areas within the commuter zone of Belfast City Centre have seen an increased demand for housing over the first two quarters of 2017. Investors are seeing rents on the rise due to the high demand for rental properties in the area, and the resale and new build sectors market prices have increased by as much as 10% in some areas of Greater Belfast and North Down over the last 12 months.

PRICE

Lot 1

6 x five bedroom apartments in Block A as detailed. Asking Price £360,000

Lot 2

Individual five bedroom apartment in Block A as detailed. Asking Price £65,000 per apartment.

FURTHER INFORMATION

For further information regarding the site please contact Simon Brien or David Best of Simon Brien Residential on 028 90428989.


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