Business

Part of Ireland's tallest building comes on the market

Part of Belfast's Obel Tower has come on the market
Gareth McKeown

PART of Ireland's tallest building, the Obel Tower, has come on the market for £2 million.

Commercial property agency Lisney has been instructed to sell 26 fully-let studio apartments, known as Obel Studios, which accounts for three floors of the landmark Belfast development.

The Obel, which opened in 2011, is a 27-storey complex comprising 233 luxury apartments and 52,462 sq ft of grade A office accommodation.

Set over three floors, the studios have an unique and innovative design, setting them apart from the other apartments in the building, according to Stephen Chambers, Lisney associate director, Investment. Offers above £2m are being invited for the portfolio.

"These studios, which have been designed to optimise living and working space, are very much different to the other apartments available at Obel, providing urban dwellers with a space that can be tailored to cater for the on-the-go lifestyles.

“The studios, like the building itself, reflect the changing face of Belfast as the city becomes more closely aligned with other major European centres.”

The Obel Studios instruction comes at a busy time for the agency, with Lisney also involved in selling a fully-let car showroom at 18 Boucher Way and a major residential development site in Portrush with planning permission for 24 apartments.

Lisney chartered suveyor, Lloyd Hannigan added:

“The site at 3-5 Lansdowne Crescent in Portrush has generated a huge amount of interest given its prime location and scale of the opportunity.Developers are keen to offer a premium product in the town and capitalise on the anticipation ahead of the Open golf championship to be held there next year.”

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