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Property Listing Details

Property details

  • 1 bedroom
  • 1 bathroom

Features

  • Leasehold
  • Communal garden
  • Roof terrace
  • Off street parking
  • Low entry point of 20k
  • Short 12 month investment term
  • Luxury Hotel
  • Up to 15% return paid in advance
  • Corporate guaranteed investment

Listing view statistics

Last 30 days: 564 page views

Since listed: 5913 page views

Description

The Crumlin Road Courthouse is a fascinating Grade II Listed building that represents an important part of the history of British prisons. Architect Charles Lanyon designed the building based on London’s Pentonville prison and the Crumlin Courthouse was built by James Carlisle in an innovative style known as a “radial cellular system”. This design separated the building into four separate wings and also linked it to the nearby Crumlin Road Gaol by way of an infamous tunnel. The original Crumlin Road Courthouse was completed in 1850 and after almost 150 years of continuous use as part of Northern Ireland’s prison service, the 2-acre site closed in 1998. Since then, the building remained neglected, falling extensively into disrepair until the developer acquired the site in March 2017. It has earmarked £25m to redevelop the site and transform it into a luxury hotel offering the brand’s unique guest experience. The hotel will be named after Charles Lanyon to celebrate one of Belfast’s most prominent and influential architects of the Victorian Era.

The Lanyon will comprise 71 luxury suites with a restaurant, bar, basement spa and rooftop event space that will revitalize the disused site and return it to the local community as an operating hotel asset. The exciting plans include reopening the infamous tunnel connecting Courtroom 1 to the Crumlin Road Gaol, with extensive restoration to create a compelling tourist attraction. The original listed buildings consent application was submitted in December 2017, detailing proposed alterations, extensions and conversion of the Crumlin Courthouse into the Lanyon Hotel. The brand went on to submit a full planning application in June this year for proposed change of use and development of the existing site which has since been given the green light by Belfast City Council. The developer is on target to open the doors of the Lanyon Hotel in 2019, building on the brand’s significant presence in Belfast to deliver prime hotel stock in a high-demand tourist market.

Investment Snapshot
The investment offers an roi of up to 15%, with a multi-currency entry level of £20,000. The term is over 1 year with ROIs paid in advance.

Exit Strategies
There are three exit strategies available with this investment:
1) Capital is returned at maturity
2) Rollover invested capital into another project on redemption
3) Capital reinvested into residential/commercial property at preferred rate

Map & Nearby

Local Amenities

  • George Best Belfast City Airport 3.4 miles
  • Belfast International Airport 10.8 miles
  • Holy Cross Boys' Primary School 0.1 miles
  • Edenbrooke Primary School 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • George Best Belfast City Airport 3.4 miles
  • Belfast International Airport 10.8 miles
  • Holy Cross Boys' Primary School 0.1 miles
  • Edenbrooke Primary School 0.2 miles

Market stats

Sale activity

Average estimated value for a flat in BT14:

  • £104,132
  • Price decrease

  • -£965
  • (-0.918%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    Not known
  • Properties sold

    Not known

Rental opportunities

Not known
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Estimated running costs

Based on available 3rd party data

Approximate costs
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per month

  • Mortgage £ p/m
  • Energy Not known
  • Home insurance Not known
  • Water Not known
  • Council tax Not known

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The Agent

Price history

Sold prices provided by Land Registry
30th Nov 2018 £20,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Purple Property. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Purple Property for full details and further information.