UK property developer Newby has purchased a former office building in the North Yorkshire town of Harrogate, with plans to redevelop the site into luxury residential apartments. The transaction volume was not disclosed.
Harrogate-based Newby submitted an application for ‘Permitted Development Rights’ to convert the site into 35 residential apartments which was granted on Christmas Eve 2016.
'We are delighted to complete the purchase of this building which is ideal for residential conversion. We know that there is strong demand for apartments in Harrogate Town Centre and this site is particularly well located in the centre of Harrogate and close to all its amenities,' commented Nick Moody, co-founder of Newby.
'Springfield Court will include two and three bedroom apartments to cater for young professionals as well as families and downsizers. The scheme will have private gated access and parking for all units, with some apartments enjoying a private terrace or balcony. The specification will complement our completed schemes at Devonshire Place and Windsor Court and remain in keeping with our aim to provide the best quality apartments in Harrogate,' added Moody.
Harrogate property agent Nicholls Tyreman will be marketing the apartments.
With site clearance due to start imminently, Newby expects to complete the scheme by autumn 2018 with a sales launch later this year.
