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York developer invests £3.75 million in green residential build

Developer Northminster Ltd has invested in a residential development in Piccadilly, York, with a gross development value of £3.75 million.

The major scheme which hopes to kick-start further investment in that part of the city has seen ten loft apartments have been created at 34 Piccadilly, a 1920s former warehouse and car showroom, by York developer, Northminster Ltd.

Each of the apartments, which took just over six months to create, have water heated through solar panels and good levels of insulation to give high thermal efficiency ratings.

Northminster Ltd has been responsible for the development of the 20-acre Northminster Business Park, which has attracted major businesses to York, and is involved with other local residential schemes.

All 10 apartments have individual interior design by Rachel McLane Ltd, Malton, who has carried out acclaimed schemes, including at The Devonshire Arms Pilsley, The Chatsworth Hotel on The Devonshire Estate and the Starr Inn The City, York.

Northminster Ltd managing director, George Burgess, says: “Piccadilly Lofts is the result of months of planning to ensure that this distinctive 1920s building is converted to its full potential.

“Each apartment is unique. We wanted to incorporate features not normally associated with city centre living such as additional mezzanine living areas, utility rooms, four-piece bathroom suites and extra storage both inside and within the basement car park.

“We believe that our innovative approach, attention to detail and specification provides apartments that are unparalleled within the city walls.”

Northminster Ltd believes that the apartments will appeal to older people wishing to downsize, perhaps from rural homes, to be closer to city centre amenities and young professionals who enjoy city living and want to be near their offices.

The apartments, which have been placed with York estate agents Hudson Moody, are expected to attract price tags of between £250,000 and £450,000.

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