Belfast Telegraph

Portfolio of 26 apartments in Belfast's Obel Tower go on sale

By Andrew Madden

A portfolio of flats in Belfast's Obel Tower development have gone on the market for £2m or over.

Offers are being invited for Obel Studios, a portfolio of 26 studio apartments that make up part of the 233-unit development.

In 2006, two years before the property crash, studio apartments in Obel Tower were on sale for £160,000.

If sold for £2m, each studio apartment would be snapped up for around £77,000.

During its construction before the 2008 downturn, the Obel was described as "a statement of confidence in the future".

But in November 2012, administrators were appointed to take over the building.

Commercial property agents Lisney are responsible for the sale of the apartments, which are spread out across the building's first three floors.

Stephen Chambers, associate director at Lisney, said The Obel building "helped reshape the Belfast skyline" when it was first launched and is now one of the city's most iconic buildings.

"This opportunity comprises all the studios available in the building which are located on floors one to three and offers a secure, functional living space that provides the perfect hub for experiencing city life and all that Belfast has to offer," he said.

"These studios, which have been designed to optimise living and working space, are very much different to the other apartments available at Obel, providing urban dwellers with a space that can be tailored to cater for the on-the-go lifestyles. The studios reflect the changing face of Belfast as the city becomes more closely aligned with other European centres."

Belfast Telegraph

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