Belfast·SPG002 Development Viability·Page 28·Figure 5.2
City Centre Wider Area Value Band Viability
In wider city centre locations, high-density flatted schemes with 20% affordable housing can be delivered with appropriate building form and size. Viability is sensitive to building heights exceeding 15 storeys and very high-density schemes including Build-to-Rent may be marginal.
City Centre: The key factor affecting viability in the wider city centre is the form of development. With the right size of building and/or form of development, high density flatted schemes with 20% affordable housing can be delivered. As for premium city centre locations, viability in the broader city centre will be particularly sensitive when building heights are above c. 15 storeys (due to higher construction costs), with the very highest density flatted schemes, including BTR development, likely to be marginal. Viability can be improved through a reduction in price paid for land. Carbon reduction measures can be accommodated in most cases where development is viable.
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