Belfast Telegraph

Saturday 23 August 2014

Victoria Square apartments sell out in 24 hours

Luxury apartments at the upmarket Victoria Square development in Belfast sold out in 24 hours, it can be revealed.

More than a third of the 106 high-spec homes at The Residence, which is the residential element of the £400m Victoria Square development, were snapped up by house-hunters on the first day of its release.

The city centre properties went on sale earlier this month as part of the first phase of The Residence. And the phenomenal response has prompted developer Multi Developments to bring forward the second release date to the end of January, rather than the early months of 2008, as originally planned. To date 1,500 potential home-owners have registered interest.

The city centre homes, which feature a mix of one, two and three-bedroom apartments, including penthouses, offer modern accommodation situated alongside top Victoria Square retailers, such as The House of Fraser amongst others as well as restaurants, cafes, a cinema and a 1,000-space basement car park.

The apartments, priced from £205,000, range in size from 520-740 sq ft one bedroom flats, 700-900 sq ft two-bedroom apartments and 900-1,000 sq ft three-bedroom homes.

The Residence also features the work of artist Terry Bradley, whose design is a key element at Victoria Square. This includes glasswork at the entrance doorway and a specially designed keyring for each home-owner. Further specially-commissioned work by the artist will hang in the reception lobby.

Paul Sargent, Multi-Development's UK managing director, said the success of the development is due to its unique mix.

"Buyers are excited about the prestige of having restaurants, cafes, a cinema and Belfast's finest retail mix on their doorstep," he said.

Thomas O'Doherty, partner at The Eric Cairns Partnership, joint selling agents with Templeton Robinson, said: "The Residence is a truly unique development encompassing the residential and commercial desire of a changing part of Belfast city centre."

Meanwhile, Keith Mitchell, senior partner/director at Templeton Robinson, said: "Victoria Square offers buyers the most important aspect of purchase - location, location, location, right at the heart of the city centre's regeneration."

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