DEVELOPMENTS – CASE STUDIES ST PETERSGATE, STOCKPORT St Petersgate was acquired in March 2021 and it is situated alongside the old Prudential Building on St Petersgate overlooking the square. The former commercial building, which thrived as a Town Centre HQ in the 1960’s, provides the perfect opportunity to add residential value to the regenerating town of Stockport. The Group has planning permission to refurbish and repurpose the property into 18 self-contained apartments, split into 14 one-bedroom and 4 two- bedroom apartments over 5 floors with a commercial on the ground floor. It is anticipated that the conversion of the property will take approximately 10 months, completing Quarter 1 2023.
BANK STREET, SHEFFIELD Bank Street was acquired in January of 2021 and it is situated at 56, Bank Street, Sheffield. The property is located in the heart of the Cathedral Quarter in Sheffield City Centre, just a 9 minute walk from Sheffield Hallam University, and 10 minutes’ walk to Sheffield Train Station. The Group has commenced work to convert the historic grade II listed building into 23 apartments split over four floors totalling an area of 18,190 square feet. The scheme is forecasted to be completed in Q3 2022.
LINCOLN HOUSE, BOLTON Lincoln House was acquired in March 2020. It was a commercial building situated on Nelson Street, within close proximity to Bolton Town Centre and all of its amenities, with Bolton Train Station only a 5-minute walk away. It is also approximately one mile from St Peters Way (A666), which is the main arterial route through Bolton and links directly to the motorway network of the M6, M61 and M62, all of which are approximately three miles south. There has been an increase of around 30 percent in house values for apartments across Bolton over the last five years. Bolton Town Centre Framework driven by the private rental market – young professionals, couples and young families who see the town as a commutable location. Student accommodation in the town centre is a major potential growth area, with the University expecting to double student numbers over the next 15 years. An increase in town centre residential development is considered key to the long-term sustainability, viability and vitality of the town centre. One Heritage Group PLC is intending to convert the property to 88 Self-contained apartments. The programme commenced in Q1 2021 and expect works to be completed Q2 2022.
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