Transformation of neglected office building completes
The transformation of a neglected Staffordshire office building into 27 apartments has been completed.
Image House, in Stafford town centre, is a build-to-rent development which has breathed new life into the building which had stood empty for more than three years.
It offers a mix of studios, single and two-bedroom apartments for rent.
Key Land Capital managing director Kevin Sharkey said: “Our team has created a wonderful development comprising 27 quality homes, replacing an old and unloved office building. Tenants will, I’m sure, be delighted with the apartments, which are in an excellent location.
“Importantly, Image House and the surrounding area is poised to benefit from an ambitious town centre improvement plan that should see large-scale job creation, rising rental demand and sustained improvements in local residents’ quality of life.”
Funding for the £3.4m development was provided by London-based peer-to-peer lender Blend Network. Contractor Connect PDI delivered the project.
Key Land Capital acquired the office building in Foregate Street, in 2017. It is located opposite the Madford Retail Park and the former Stafford General Infirmary.
The detached 12,146 sq ft building, originally purpose-built offices with on-site parking and ground floor retail units, was sold by a private developer with planning permission for conversion to residential use.