First phase of £13m apartment scheme sells out in a day

An artists impression of the Matic from Chichester Street
An artists impression of the Matic from Chichester Street

The first phase of a luxury apartment scheme in Belfast’s city centre has sold out in less than a day.

The 12 storey Matic building which was unveiled by developer, Alan Fraser just last month is a £13m project which will consist of 75 luxury apartments and include a private leisure facility, a 22m swimming pool and gymnasium.

Phase one, which consisted of 22 apartments, was released at 8am on Thursday of last week and was old out within 10 hours.

Due to the level of demand, more apartments were released on the day with now over a third of the scheme sold and a current sales value of over £5m.

“The Matic is not only situated in a prime location in Belfast but its luxurious and contemporary style and offering make it one of the most exciting development projects to come to Belfast and it’s not surprising that people are eager to snap these up,” said Simon Brien of Simon Brien Residential.

“The unique attributes of the Matic have undoubtedly been key selling points for both owner occupiers and investors, in addition to the high specification of the apartments themselves.

“Phase one was released at 8am and they were all agreed by 6pm that evening, making the Matic the most successful city centre development to be launched in recent years.

“We expected high demand across the board but the rate at which they have sold has been exceptional.”

He added that the majority of the apartments were being bought by people intending to live in the building, reinforcing the view that there is demand for city centre living.

The Matic will be situated on Chichester Street and Gloucester Street with the unique design of two towers joined by a central private resident’s garden.

The building gets its name after John Dunlop an inventor who lived in Belfast and who patented the pneumatic tyre in 1887.

Dunlop was also a veterinarian who set up a practice on Gloucester Street where he was working at the same time.