Business

Belfast base for international legal firms on the market for £9 million

Montgomery House on Chichester Street has gone on the market for £9 million.

THE Belfast city centre base for a number of high profile legal firms has gone on the market for £9 million.

Montgomery House on Chichester Street lists Quilter Cheviot, Eversheds Sutherland, TLT, BTI Systems, and DAC Beachcroft among its tenants.

The nine storey building currently generates just over £682,000 a year in rent for its current owner.

Ronan Campbell from commercial property firm Campbell Cairns said the listing “offers a rare opportunity to acquire such an asset in the city”.

He added: “The building is a fantastic investment opportunity for any buyer and we would not expect this to remain on the market for very long.”

Meanwhile, a building at the corner of Belfast’s Castle Street and Queen Street has gone on the market as a potential redevelopment opportunity.

The structure, which currently houses budget retailer Poundstretcher on the ground floor, has been listed for £1.35m.

A number of buildings in the immediate surrounding area are already earmarked for major development schemes.

As well as Primark’s ongoing work at Bank Buildings, Kirk Bryson has planning approval for a £6m studio apartment scheme on the opposite side of the street to Poundstretcher.

Co Tyrone developer McAleer and Rushe has proposed a £54m scheme at Norwich Union House, which would stretch from Queen Street to Fountain Street.

While Angus Properties’ has started its 16.5m office project on Queen Street, which lies adjacent to the site of a 175-bed aparthotel complex, currently being developed Oakland Holdings.

There’s also a proposal to develop the former Queen Street police station into a 74-bed boutique hotel.

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