£18m office to apartments conversion complete
AN £18m residential unit with 98 homes at the heart of Old Trafford in Manchester has been completed.
Gove House is the former office of global property company Pinnacle Alliance. Bosses reckon conversions of this nature will be common in the city region, following planning regulation changes.
Richard Caton, of Pinnacle Alliance, said: “Manchester is an attractive prospect for property investors at the moment. This is driven by an increased need for real estate and demand for high-quality accommodation, along with the fact that Manchester is at the heart of government-led economic investment in the North.”
A report recently published by Savills revealed Manchester as the leading city for residential property investment.
It said: “We feel Grove House is a showcase for how lost commercial office space can be repurposed and developed to meet the needs of Manchester’s growing population of young professionals, who have high expectations of their homes.
“Office-to-resi developments can create beautiful apartments.”
Office-to-resi permitted development rights became permanent as of 6 April 2016, as part of a Town and Country Planning Order.
Based just a 10-minute tram ride away from the heart of the city, Grove House provides a mix of 98 modern one and two bedroom apartments. One bed apartments are available to rent from £575pcm, with two beds from £815pcm.
Each apartment has been refurbished to the highest specification including a fully fitted kitchen, fitted bath/shower room, all flooring and furniture pack.
The building will be let by Harper Brooks residential lettings.
