Belfast’s Danesfort building back on market for offers over £5.25m

The imposing four-storey 78,800 sq ft headquarters office building with adjoining multi-storey car park has gone on the market for “offers in excess of £5.25m” according to commercial selling advisers Avison Young.

Constructed in 1959, Danesfort was originally NIE’s headquarters complex until its more recent sale to Ulster Bank in 2002.

The property comprises one of the largest predominantly vacant office buildings to come to the market in recent years and is one of the few large-scale office complexes outside of central Belfast with the benefit of an office planning consent.

Property advisors Avison Young believe that Danesfort will have broad appeal across investors, developers, and owner occupiers, due to the unique opportunity it offers in the post-pandemic world we are now stepping into.

Commenting on the launch of Danesfort, Jago Bret, Principal & Managing Director of Avison Young in Northern Ireland said: “Danesfort is located in one of Belfast’s most prestigious suburbs and this provides access to a range of local services and amenities including schools and higher education establishments such as Queen’s University and Stranmillis College. Situated within excellent public transport links to Belfast city centre, this accessible location makes Danesfort a highly attractive refurbishment or redevelopment opportunity for a range of uses including Office, residential, PRS, primary care, PBSA and hotel subject to planning and vacant possession.

“Now more than ever, occupiers are likely to be seeking office space closer to their place of residence and to support services such as schools and childcare facilities. In addition, Danesfort’s highly attractive suburban location will be particularly appealing from a health and wellbeing perspective and in supporting the new hybrid working model that many companies are expected to adopt post-pandemic. We expect demand will be strong for these reasons given Danesfort’s wide appeal and numerous asset management opportunities.”

The property is currently let, in part, to NIE Networks Limited comprising part of the third floor and part of the fourth floor along with a small ground floor store and totalling 15,300 sqft.

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