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Listed building in Belfast city centre goes on market for £800k

By John Mulgrew

A listed building in Belfast city centre has gone on the market for offers over £800,000.

The four-storey building at 103-107 Royal Avenue was designed by Thomas Jackson & Son and built between 1883 and 1884.

It's currently home to several businesses, including the Belfast Coffee Company and The Money Shop. The upper floors have been used as office space.

The building was given a B1 listed status in 1979.

It's being sold by commercial property firm Lambert Smith Hampton.

Martin Mallon, director of agency and capital markets at Lambert Smith Hampton, said: "103-107 Royal Avenue is a prime four storey retail and office building which is located in the heart of the city close to Ulster University and Castlecourt Shopping Centre.

"This distinctive Grade B1 Listed building extends to 10,488 sq ft with substantial frontage onto both Royal Avenue and North Street.

"It offers significant opportunities for asset management, refurbishment and redevelopment and it may be suitable for a range of alternative uses, subject to planning."

Mr Mallon said the company expected a high level of interest in the property.

"We anticipate a high level of interest, particularly as investors and developers realise the opportunities which exist in Belfast city centre," he said.

"The immediate area surrounding this property is undergoing a massive transformation with the new university campus, the Royal Exchange project, the Central Library project and the planned redevelopment of the former Belfast Telegraph Building.

"We are seeking offers in excess of £800,000 for the property.

Forster Green & Co operated a shop at part of the building until 1915. Montague Burton Ltd acquired the building from Forster Green & Co in December 1939, and Burtons operated a shop from 103-105, which remained open until 1990.

It sits close to where one of Belfast's largest development projects is soon to get under way.

Work on the £360m Royal Exchange project in Belfast city centre could soon begin after fresh plans were submitted late last year.

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