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Refurbished luxury apartments in NI's tallest building go on the market

By Margaret Canning

Published 17/08/2016

The view from one of the luxury apartments at the Obel building on Donegall Quay
The view from one of the luxury apartments at the Obel building on Donegall Quay
The Obel building

Newly-refurbished apartments at Northern Ireland's tallest building, the Obel, have now gone on the market.

The apartments at the 27-storey Belfast building are on sale at around £140,000 for a one bedroom unit, to approximately £252,000 for a three-bed.

The homes have been revamped as part of a £2m upgrade of the waterside Obel, built on Donegall Quay between 2006 and 2011.

It is now owned by US fund Marathon Asset Management, which has invested in improvements to the interiors of the flats, as well as lifts, lobbies and the tower's external facade.

The latest apartments to go on the market are the second phase to go on sale since the refurbishment was carried out. A spokesman said the earlier phase of revamped apartments had reached prices of up to £304,000.

But the number of apartments on sale in the latest phase has not been revealed, although there are around 200 in the block as a whole.

Will Miscampbell of Fetherston Clements Estate Agents, which is selling the apartments, said: "There is a real appetite at the moment for high-end city centre living and we are thrilled with the level of demand in the first phase of apartments, which has now sold out.

"The work which has been carried out to the apartments' internal finishes, lifts, lobbies and reception areas, as well as ongoing work on an external solar window film project, has really transformed the building and helped contribute to the success of the initial phase of sales."

The apartments are reaching the market as the house price index for the second quarter of the year from the Department of Finance reveals a 10% jump in average apartment prices in Northern Ireland to £100,613 in the year to the second quarter of 2016.

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