Multi-million pound conversion of old bank is creating new apartments

A prominent former bank building in Hull city centre is being repurposed by developer Modernistiq to create 46 homes.

“The Bank” – formerly the home of Lloyds TSB and a landmark property on the corner of George Street and Bond Street – is being revamped in a £7.4m project.

It is close to Albion Square, which is itself benefiting from a £96m investment scheme to build new homes, offices, health facilities, retail space and an urban park.

The new homes in the former bank will bring more than 100,000 sq ft 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-bedroom apartments are due to be ready for the first renting tenants to move into by early New Year.

Hull-based Gro Residential Management has been appointed to handle the residential lettings.

Manager Helen Everritt said: “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.

“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.

“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.”