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Belfast city centre Marshall Building on market for £425,000

By Staff Reporter

An office building in Belfast city centre close to the new Ulster University has been placed on the market for £425,000. The Marshall Building is on Donegall Street off Royal Avenue and features a number of shop units on the ground floor and three storeys of offices.

It is tipped by selling agents CBRE as a possible site for student housing.

CBRE director Lisa McAteer said: "Within the next five years this area will be unrecognisable given the major investment in Royal Exchange as well as the completion of the Ulster University campus."

Work on the new Ulster University campus is due to be completed in 2019 in a £250m investment expected to pull in a student body of 15,000.

Ms McAteer added: "Properties within this vicinity have been attracting a high level of interest due to ongoing redevelopment and regeneration.

"We are anticipating significant interest in these properties, and it will be very exciting to see the attention the area will attract."

A large number of student housing developments have been planned - and other businesses have also opened up in the vicinity in the hope of capitalising on the future student pound.

They include a Tesco Express at the bottom of Royal Avenue, while a Wetherspoon's pub is planned opposite. And a site in nearby Little Patrick Street with planning approval for 354 bedrooms is being sold as a "student development opportunity".

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