A PRIME multi-let retail and office investment opportunity has become available in the heart of Belfast city centre.
Originally developed in 1968, Donegall House opposite Belfast City Hall has been placed on the market for £11.25 million.
Its tenants include Nationwide, Barclays, Davy, Moore Stephens and Hays Recruitment, and it currently provides an annual rental income of £577,106.
Andrew Coggins of CBRE, who are joint selling agents with Osborne King, said: “Donegall House presents a rare opportunity to acquire a prime city centre, multi-let retail and office building with strong reversionary potential.
“Investor interest in the Belfast office market remains strong, which is reflected in two recent sales, Obel Offices and the Metro Building, which both sold above asking price.
“We are anticipating that the majority of transactions throughout the remainder of 2018 will continue to emanate from financial restructuring and investors crystallising profit.”
