Coming soon: Hull’s latest luxury apartments as multi-million pound transformation of former bank building forges ahead
Expressions of interest are being invited from potential tenants of Hull’s latest city centre luxury living rental apartments.
‘The Bank’ – formerly the home of Lloyds TSB and a landmark building on the corner of George Street and Bond Street – is being revamped thanks to £7.4m refurbishment, creating the latest new contemporary living spaces in the heart of Hull.
Situated a stone’s throw from Albion Square, which is to benefit from a £96m investment scheme to build new homes, offices, health facilities, retail space and an urban park, the development is in a prime spot, due to undergo huge transformation over the coming years.
Mix of studios, and one and two bed apartments
A total of 46 new homes are being created in the project which is bringing almost 9,500sqm of vacant floor space back into use, and will also see the building’s historic clock face restored.
The majority of dwellings are being marketed for leasehold sale, but between 15 and 20 are expected to be made available for renters.
A mix of studio and one and two bedroomed apartments are set to be ready for the first renting tenants to move into by early New Year, ranging in cost from £725 to £925 a month.
Developers Modernistiq have promised to deliver ‘a new era of lifestyle apartments to Hull's private rental market’.
High demand expected
Gro Residential Management have been appointed to handle the residential lettings, and manager Helen Everritt expects there to be high demand.
“This is a fantastic new development for Hull and it is great to see such a significant investment being made, not just into bringing an historic building in the city centre back into use, but also into giving it a new lease of life and future by transforming it into a new contemporary living space,” she said.
“We have been fortunate to be involved in a number of projects in recent years where new luxury city centre apartments have been brought onto the rental market after significant investment, and we have found that even when they are priced at the higher end of the market, they are snapped up very quickly. These are very sensibly priced for the high standard being provided.
“The demand for city centre living is increasing all the time, especially for young professionals who like to be based in the city and near to restaurants, bars and shops.
“The developers deserve praise for the sympathetic approach they have taken, retaining original features where possible, whilst offering really modern, high-quality living spaces.
“We are delighted that we have once again been chosen to market properties which are new to the market and which have been made available to let on a prestigious new development.
“We have a track record of helping new developments enjoy success, and we are sure it will be the same here.”
To enquire about available properties to let at The Bank, contact Gro Residential Management on 01482 566057 or email hello@gro-residential.co.uk
