Leading agency Lisney instructed to sell 26 fully let studio portfolio

Leading commercial property agency Lisney has been instructed to sell Obel Studios, part of the landmark Obel Tower Development in Belfast.

Offers above £2 million are being invited for the portfolio which comprises 26 fully-let studio apartments.

Set over three floors in Ireland’s tallest building, the studios have an unique and innovative design, setting them apart from the other apartments in the building.

Stephen Chambers, Associate Director, Lisney, commented:

“The Obel building helped reshape the Belfast skyline when it was first launched and is now considered one of the city’s most iconic buildings.

This opportunity comprises all the studios available in the building which are located on floors 1 to 3 and offers a secure, functional living space that provides the perfect hub for experiencing city life and all that Belfast has to offer.

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

Stephen said the Obel Studios instruction has come at a busy time for the agency.

He added:

“Since the beginning of the year, we have agreed a number of sub £3 million investments for sale illustrating that the sector is resilient and performing well at this level.

We are also currently advising clients on several landmark investments that we expect to bring to market over coming months.

Lisney has also been instructed to sell a fully-let car showroom at 18 Boucher Way and a major residential development site in Portrush with planning permission for 24 apartments.

Lloyd Hannigan, Chartered Surveyor, Lisney, 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.”

For more information about commercial property opportunities, please contact Lisney Belfast on +44 (0)28 9050 1501.