Belfast Telegraph

Belfast's exclusive Obel Tower apartments up for sale after refurb

By Cate McCurry

Belfast's most exclusive city centre apartments are to go on sale in a matter of weeks following a multi-million pound refurbishment, the Belfast Telegraph can reveal.

The 27-storey Obel Tower - Northern Ireland's tallest building - is the city's most sought-after postcode.

The premier residential complex consists of over 200 luxury one, two and three-bedroom apartments and a six-storey office block where international law firm Allen & Overy and the Mount Charles-operated restaurant Fed and Watered is located.

The Donegall Quay block also has 52,462 square ft of grade A office accommodation.

A limited number of the high-end apartments will go on sale following a major facelift in the run-up to Easter.

But the selling agent, Fetherston Clements, is remaining tightlipped about the luxury apartments' price tags, describing them only as "competitive".

In 2005 the Obel apartments went on sale at £90,000 for a one-bedroom studio up to a £475,000 for a penthouse.

Two years later, shortly before the property crash, studio apartments were on the market for £160,000.

But the complex has suffered its troubles. Owners Donegall Quays Ltd went into administration in late 2012 and Obel was taken over by Bank of Scotland.

Will Miscampbell, partner at Fetherston Clements, said: "The Obel is a truly iconic building which is now set to reach its full potential with the major refurbishment works fully gathering pace.

"The pending release of a limited number of high-end apartments on to the market will be one of the most exciting developments in the Belfast property market for some time."

Ciaran O'Kane, director of property management at Lisney estate agents, said: "The appointment of Fetherston Clements is another very exciting development in the multi-million pound Obel investment project.

"We have confidence that prospective purchasers will benefit from Fetherston Clements' professional and approachable style."

Belfast Telegraph


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