A new residential development in Harrogate has broken all records for the most valuable new homes in the town.
The Old Police Station, which is being developed by Harrogate Restoration with support from Lloyds Bank Commercial Banking, is a development of 25 apartments and houses in North Park Road.
Harrogate Restoration partner Julian Rooney said: “We were a little bit worried about the launch event as the forecast was for rain, but we were bowled over by the level of interest and the positive reaction to the hard work we have done to convert this landmark building.
“The price achieved for the flagship apartment was £564 per square foot, which the highest ever achieved in Harrogate by a margin of £100 per square foot. Really quite amazing!”
The development was supported by a £2.1m loan from Lloyds Bank Commercial Banking.
Chris Parnell, relationship manager, Lloyds Bank Commercial Banking, said: “Harrogate Restoration has shown real vision in redeveloping this local landmark.
“It is great to be able to support the firm’s continuing activities, and we are striving to help more like Harrogate Restoration thrive through our SME Charter, which includes a pledge to lend an additional £1 billion net to small businesses every year until 2017.”
The Old Police Station, in North park Road, was acquired by Harrogate Restoration in April, 2013 and secured planning permission in September.
The conversion of the Grade 2 listed building included the demolition of 27 former cells.
The main building has been converted into 16 apartments, from £250,000, and five houses, from £550,000, including four new build houses also being built in the grounds.