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£42m property investment pumps new life into city centre and the Old Town

Jason Coleman, Iguana Developments, and Danny Gough from MyPad

Over £42m has been invested in by private firm, who are renovating three major property developments for residential use.

These outstanding regeneration projects are attracting young professionals to experience city living, at a level that has never been seen before.

, managing director of Iguana Developments is launching what he says have been the best kept secrets in the City and his three buildings are at different stages of refurbishment.

The first to be ready is HU1 at Essex House on Manor Street, this has been renovated from a ten storey office block into forty-five high-spec, one and two bed apartments to include; a concierge, cinema, gym, gaming room, ultrafast broadband, balconies, roof terraces and the most spectacular views of .

The purchase of Liberty House on Liberty Lane in the has recently completed and work started to convert the premises into twenty-five apartments for sale also featuring  the same high specification complete with resident’s gym and cinema room.

The largest project of the trio is the much anticipated Police Station in Queens Gardens. has been completely stripped back to a concrete frame and will be turned into ninety-four apartments, including twenty-one spectacular new-build duplex penthouses.

Jason has invested in property in the area since 1993, growing his portfolio to 230 tenants who live in high-end shared houses and corporate quality apartments, for graduates and young professionals under the brand name YUPeLET.com.

The new company, Iguana Developments represents a major step change with the involvement of a silent partner who, as a good friend and prolific business man saw Jason’s vision of Hull as an opportunity to expand into larger projects.

Jason Coleman, managing director of Iguana Developments, said: “All of my properties have value added, not just a home but a lifestyle and now Iguana Developments is taking city living to the next level.

“In the past many developers have seen Hull as deserving just cheap and cheerful, but we offer a 21st century London experience by including luxury facilities within each building, for people who appreciate quality and demand amenities that reflect their aspirational lifestyles. I wanted to bring Kingston upon Thames to Kingston upon Hull.

“Each apartment has been fitted-out in designer luxury, fully furnished including LED TVs, top specification kitchens with built in wine coolers, microwaves and dishwashers, designer fully tiled bathrooms, App controlled heating and the fastest fibre optic internet of any building in Hull direct to router!

“We have been quiet until now about these developments, whilst works were completed, our vision has paid off as thirty-five out of forty-five apartments have been let within eight weeks, at the quietest time of the year with minimal marketing.

“We are creating one hundred and seventy apartments in Hull. This in-flux of people use local amenities, bars, shops and restaurants and along with the other private developments such as the Fruit Market, we’re bringing Hull’s Old Town back to life.

“As a business we employ anywhere between forty and sixty local people at any one time along with my own team of five. We also use local contractors for the steel, cladding and windows, a contract worth in excess of £3m on its own at Queen’s Gardens.”

Danny Gough, managing director of letting and managing agent MyPad, said: “Jason and I have worked together since 2010. MyPad lets his properties around Hull and East Yorkshire to young professionals with all bills included and everything supplied, from 50” TVs down to a garlic press.

“As a client, Iguana Developments are fantastic, paying close attention to detail and creating community living spaces. This along with the excellent locations and quality of the apartments makes their business so unique.

“As soon as I saw the plans for HU1 at Essex House I knew there would be huge demand, but even I have been surprised by the take up. We put the first phase out to market in November, typically the most challenging time of year for lettings and were inundated with tenants wanting to move in immediately.

“We have an open event on Saturday 10 March, between 10am-3pm, for anyone who would like to have a look around, now that the final ten apartments have become available, prospective tenants need to be quick of the mark.”

 

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