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1 bed flat for sale

£80,000 From

Donegall Square South, Belfast BT1

1 1 1
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Property features

  • Porter/security

Property description

Connolly Longhurst Estate Agents is delighted to offer this superb hotel investment. Contact us for the latest availability

Nestled on the junction of Donegall Square and Bedford Street, The George Best Hotel is set to be nothing short of remarkable. This landmark hotel is in a prime city centre location overlooking Belfast City Hall and will pay tribute to one of the greatest footballers of our time. Originally named the Scottish Temperance Building before later changing to the Scottish Mutual Assurance Society Building, this beautiful Grade B1 listed building will become the focal point of the centre of Belfast.

Built by Henry Seaver and completed in 1904, the redevelopment will incorporate and preserve much of the buildings history whilst aligning it with Signature Living’s unique vision and guest experience. Having previously served as offices, this building will be transformed into a luxury football-themed hotel featuring premium amenities, a stunning wedding and events space, a museum dedicated to the legacy of George Best, plus a stylish bar and restaurant. The classic Baronial style architecture will retain many of its original features across all six floors, making it the perfect heritage redevelopment for Signature Living.

These hotel investment units are selling quickly so get in touch to reserve your unit!

• average price per square foot £400
• available units 83
• prices from £80,000 per unit
• roi for years 1-3 7%
• roi for year 4 8%
• roi for years 5-10 9%
There is an option for the developer to buy back the units at 106% of the purchase price after year 3, plus an additional 2% per annum uplift which will be capped at a maximum of 112% of the purchase price.

The Best Experience

George Best’s playing style was one of a kind, it combined pace, skill, balance, feints, two-footedness, goal scoring and the ability to beat defenders. Not just an outstanding player, but also a vibrant personality, Best became one of the first ‘famous’ footballers the world had ever seen.

Earning the nickname ‘El Beatle’ due to his Fab Four inspired haircut, Best grew in popularity on and off the pitch. He received more than 1,000 fan mail letters every week and was regularly offered modelling assignments and personal appearances.

A fitting tribute to the legend and legacy of George Best, this stunning hotel will create a truly unique accommodation experience. This beautiful accolade to the footballing legend will be themed around his amazing life and house an exclusive museum, dedicated to the life and times of one of the greats. This unique museum and hotel will exhibit never seen before memorabilia, souvenirs and personal mementoes that will allow football fans to explore the world of George Best.

The Location

Belfast has undergone a resurgence in tourism over the past decade and last year the city was crowned Best UK City. With 1.4 million visits which contribute over £278 million to the economy and support 17,000 jobs, Belfast’s growth is only just beginning.

Belfast is the driving force behind Northern Ireland’s economy and is a hub for not only international visitors but also domestic. The city which has an eclectic vibe, with a plethora of restaurants, bars, attractions and landmarks to explore. The local council has outlined plans to increase the cities growth 100% by 2021, which will be achieved by improving transport links, more events and refining visitor experience. This growth has been recognised by many key companies across a broad range of sectors including accommodation, food & beverage and entertainment.

There are currently 27 new hotel developments in the pipeline for Belfast, bringing 3,747 additional bedrooms to the city. This highlights the elevated interest in Belfast and the expected growth over the next couple of years, making now the perfect time to invest in the city.

Local Amenities

• Belfast City Hall 0.1 miles
• Great Victoria Street Station – 0.4 miles
• Castlecourt Shopping Centre – 0.4 miles
• Victoria Square – 0.5 miles
• Waterfront Hall Conference Centre – 0.5 miles
• Cathedral Quarter – 0.6 miles
• Belfast Central Station – 0.6 miles
• Queen’s University – 0.9 miles
• City Quays – 0.9 miles
• sse Arena – 1.1 miles
• Titanic Belfast and ss Nomadic - 1.6 miles
• hms Caroline – 2.0 miles
• George Best Belfast City Airport – 4.1 miles
• Belfast International Airport – 18.8 miles

Property info

Market activity
Average price paid Sales Current average value £178,537 (Zoopla Zed-Index) Value change £3,429 ▲ 1.96%

Property value data/graphs for BT1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached - - 5.0 -
Semi-detached £170,335 - 3.7 -
Terraced £108,065 - 3.1 -
Flats £178,602 £206 2.0 -

Current asking prices in BT1

Average: £103,689
Avg. current asking prices in BT1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £80,000
(1)
- £160,000
(1)
- -
Flats £102,886
(76)
- - - -
All £102,588
(77)
- £160,000
(1)
- -

Current asking rents in BT1

Avg. current asking prices in BT1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats - - - - -
All - - - - -

Fun facts for BT1

Highest value in BT1
Highest value streets Zed-Index
Laganbank Road £180,909

Nearby transport

  • George Best Belfast City Airport (2.9 miles)
  • Belfast International Airport (12.1 miles)
  • City of Derry Airport (57.9 miles)
  • Stranraer Ferry Terminal (42.2 miles)
  • Cairnryan Ferry Terminal (44.7 miles)
  • Campbeltown Ferry Terminal (58.8 miles)

Nearby schools

  • Portpatrick School (36.9 miles)
  • Leswalt School (40.6 miles)
  • Sandhead School (41.5 miles)
  • Stranraer Academy (42.7 miles)
  • Campbeltown Grammar School (58.3 miles)
  • Girvan Academy (61.7 miles)
  • Invergarven School (61.7 miles)
  • Craigpark School (78.5 miles)
  • South Park School (78.5 miles)
Note: Distances are straight line measurements

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For more information about this property, please contact
Connolly Longhurst, BT1 on +44 28 9560 0269 * (local rate)

Monthly running costs Beta

£287 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,000
Repayment term 25
Interest rate 1.5
Your payment £287 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Connolly Longhurst, and do not constitute property particulars. Please contact Connolly Longhurst for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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