LOCATION
The property occupies a prominent position at the junction of the Newtownards Road, Holywood Road and Upper Newtownards Road in East Belfast in close proximity to the City Centre.

Former Ulster Bank Building, 431-441 Newtownards Road, Belfast

An exceptional development opportunity with full planning permission for a contemporary 7-apartment residential scheme in one of Belfast’s most desirable and rapidly evolving urban locations.

This prominent building occupies a highly visible site on Newtownards Road, positioned within an exciting and vibrant neighbourhood that has seen significant recent investment in new bars, cafés, restaurants, and lifestyle amenities. The area’s growing popularity among professionals, investors and owner-occupiers alike makes this a strategically attractive proposition for both developers and forward-thinking buyers.

Key Highlights

Full Planning Permission Granted for 7 High-Quality Apartments – a mix of well-proportioned 1 & 2-bed units designed for modern urban living.

Excellent Location – within a highly sought-after and up-and-coming part of Belfast with strong rental and sales demand.

Strong Lifestyle Appeal – close to an expanding array of independent bars, eateries and entertainment venues, enhancing the desirability for city living.

Transport & Connectivity – superb access to public transport links and main arterial routes, offering easy connections to the city centre and beyond.

Investment Potential – excellent prospects for rental income or sales exit.

Development Opportunity

This property represents a rare chance to deliver quality residential accommodation in a neighbourhood where demand continues to outstrip supply. The approved scheme delivers a contemporary living offer, aligned with current market expectations and buyer preferences.

Whether pursued as a build-to-sell or build-to-let project, the planning permission in place significantly de-risks the development process and provides a clear route to delivery.

DESCRIPTION
The subject property is a converted three storey bank building which was refurbished c.1998 with a more recent two storey addition adjacent to the original building.

Externally the property is finished with granite block walls, part pitched tile/bitumen felt roof and uPVC double glazed windows.

Internally the premises is finished to include plastered/painted walls and carpet floor covering, with suspended ceilings throughout the majority of the property with recessed fluorescent strip lighting. The accommodation is arranged in a cellular fashion with the original banking hall on the ground floor providing a large open plan reception/office.

PROPOSED DEVELOPMENT
Apartment 1 - 1Bed 409 Sqft
Apartment 2 - 1Bed 528 Sqft
Apartment 3 - 2Bed 549 Sqft
Apartment 4 - 1Bed 409 Sqft
Apartment 5 - 1Bed 377 Sqft
Apartment 6 - 1Bed 388 Sqft
Apartment 7 - 2Bed 980 Sqft

CURRENT ACCOMMODATION
The property provides the following approximate areas: Ground floor: 2162 sq ft (20 I sq m)
First floor: I I 06 sq ft ( I 03 sq m)
Second floor: 818 sq ft (76 sq m)

Total: 4086 sq ft (380 sq m)

Please note that the property has a site area of approximately 3,285 sq ft (305 sq m).