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Ilkley’s Opus North in £7.5 million Wales redevelopment

Opus North, the West Yorkshire property developer, is redeveloping the derelict Tudno Castle Hotel in the heart of Llandudno in a joint venture with Mostyn Estates at a cost of £7.5 million.

Opus North and Mostyn Estates are creating Tudno Point, a flagship retail and leisure scheme in Mostyn Broadway and Vaughan Street, which will feature a new 63-bed hotel, three restaurant units and one retail unit.

The 30,000 sqftTudno Point will link the town centre to the successful 160,000 sqftParc Llandudno, where tenants include Debenhams, Next and Laura Ashley, and regenerate the heart of the historic Welsh town.

Andrew Duncan, director of the West Yorkshire-based Opus North, commented: “The once-proud Tudno Castle Hotel has fallen into disrepair and has not been occupied for several years. The hotel’s listed façade, however, remains extremely impressive and will form an integral part of our development.

“This development will feature a 63-bed Premier Inn, together with three new-build restaurants over two floors under the hotel, and a new-build retail unit fronting Vaughan Street.

“We have had exceptionally strong interest in the three restaurant units, which range from 3,000 sqft to 4,500 sq ft.

“We plan to start work on site this summer and, with a 15-month building programme, the development is scheduled to be completed by the end of 2015.

“This is a very important regeneration project for Llandudno and, both during construction and when finished, will provide a massive boost to the local economy,” added Mr Duncan.

The agents for the development are Leeds-based property consultants WSB (amobley@wsbproperty.co.uk)

This was posted in Bdaily's Members' News section by Clare Burnett .