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Visit Belfast welcome centre is back on the property market

By John Mulgrew

Published 25/08/2015

Danske has put 8-10 Donegall Square North on the market
Danske has put 8-10 Donegall Square North on the market

A prominent city centre building owned by Danske Bank and home to Belfast’s Welcome Centre has gone on the market for offers over £5.75m.

The six-storey building — which is located at 8-10 Donegall Square North across from City Hall — is currently home to both administrative staff for Danske and Visit Belfast, which operates the tourist information office at the Welcome Centre.

The centre moved to the ground floor unit of the building back in 2013, moving from its site close by. It was built at a cost of £1.82m in the refurbished unit.

It’s understood the property had gone on the market previously, but the building wasn’t sold.

The bank had previous operated a branch in the ground floor. It was previously placed on the market, inviting offers of over £7.75m.

It’s understood around 100 Danske Bank admin staff work in the building, but much of the office space is unused.

The majority of the bank’s staff work close by in their headquarters at Donegall Square West.

Visit Belfast has let the site on a 15-year lease, which will expire in 2028.

The property is marketed as having a passing rent rate of £160,000 a year, with fixed annual uplifts rising to more than £200,000 by 2022.

Its upper floors consist of more than 17,000 sq ft of office space overlooking Belfast City Hall.

The building was designed by Smith & Cowser, and was developed by the Belfast Bank in 1961.

It has been placed on the market by property firm Osborne King, inviting offers over £5.75m.

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