Massey Av | Belfast BT4 2JP
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Massey Av
Belfast BT4 2JP
Netherleigh House · Office Property For Sale
Investment Highlights
- Lisney presents an exceptional redevelopment opportunity in a prime East Belfast location close to the Stormont Estate and the Belfast city centre.
- Premier 6.42-acre site houses an attractive Neoclassical, B1 listed building with office space arranged around a grand central staircase.
- Set within an attractive site surrounded by dense woodland, hedgerow planting, and mature trees that afford minimal interference.
- Existing space totals 55,000 square feet of commercial accommodation situated across three commercial-use properties.
- The site also comprises a significant three-storey property and smaller premises with staff welfare facilities and 230 car parking spaces.
- Enjoys excellent connectivity, including a short drive to Belfast city centre, nearby motorway connections, and train links.
Executive Summary
Discover an excellent redevelopment opportunity close to the Stormont Estate in East Belfast. The 6.42-acre site sits on the south side of Massey Avenue within a pleasant neighbourhood predominantly characterised by large, detached family houses.
Currently, the site comprises 55,000 square feet of existing commercial accommodation arranged over three properties. The site's focal point is Netherleigh House, a Neoclassical, Grade B1 building constructed in 1880. The property is arranged around an impressive grand central staircase with accommodation largely spread over the ground and first floor. Located adjacent to Netherleigh House is a two-storey building constructed in the 1970s, connected by a corridor link at the ground and first-floor levels. This 6,973-square-foot property comprises a large staff canteen area and associated kitchen across the ground floor with office accommodation across the first floor. A larger three-storey building is adjacent to the property's southern boundary, offering 41,527 square feet of commercial space. The existing buildings are well-screened from neighbouring uses by hedgerow planting and mature trees alongside a 2.2-acre dense woodland area to the west.
The property is not zoned for any particular use, so there are no redevelopment restrictions (subject to necessary planning approval). The entire site falls within the Campbell/Ormiston Local Landscape Policy Area (BT 096 – Draft Belfast Metropolitan Area Plan 2015). The western section of the property (the woodland area) falls within the Campbell College and Ormiston Site of Local Nature Conservation Importance (BT 084/11 - Draft Belfast Metropolitan Area Plan 2015).
The estate occupies a prominent location, affording excellent road connections. The Upper Newtownards Road is a short distance to the south. The A55 and Sydenham Bypass are easily accessible to the west/north-west via the B170, providing easy access towards Belfast's city centre in just 15 minutes. Unlock access to international markets with Belfast City Airport, a short 8-minute drive to the north-west.
Currently, the site comprises 55,000 square feet of existing commercial accommodation arranged over three properties. The site's focal point is Netherleigh House, a Neoclassical, Grade B1 building constructed in 1880. The property is arranged around an impressive grand central staircase with accommodation largely spread over the ground and first floor. Located adjacent to Netherleigh House is a two-storey building constructed in the 1970s, connected by a corridor link at the ground and first-floor levels. This 6,973-square-foot property comprises a large staff canteen area and associated kitchen across the ground floor with office accommodation across the first floor. A larger three-storey building is adjacent to the property's southern boundary, offering 41,527 square feet of commercial space. The existing buildings are well-screened from neighbouring uses by hedgerow planting and mature trees alongside a 2.2-acre dense woodland area to the west.
The property is not zoned for any particular use, so there are no redevelopment restrictions (subject to necessary planning approval). The entire site falls within the Campbell/Ormiston Local Landscape Policy Area (BT 096 – Draft Belfast Metropolitan Area Plan 2015). The western section of the property (the woodland area) falls within the Campbell College and Ormiston Site of Local Nature Conservation Importance (BT 084/11 - Draft Belfast Metropolitan Area Plan 2015).
The estate occupies a prominent location, affording excellent road connections. The Upper Newtownards Road is a short distance to the south. The A55 and Sydenham Bypass are easily accessible to the west/north-west via the B170, providing easy access towards Belfast's city centre in just 15 minutes. Unlock access to international markets with Belfast City Airport, a short 8-minute drive to the north-west.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Tenure
Freehold
Building Size
54,471 SF
Building Class
B
Year Built
1880
Price
$7,348,712
Price Per SF
$135
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
18,157 SF
Building FAR
0.19
Lot Size
6.42 AC
Parking
230 Spaces (4.22 Spaces per 1,000 SF Leased)
Amenities
- Energy Performance Rating - D
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