Former Post Office sold for residential development
FHP is pleased to announce the sale of the first and second floors of the old Post Office, Chesterfield to Balmoral Investment & Development Limited.
Following the refurbishment and letting of the ground floor to Loungers by PDR Construction, the upper floors were marketed with the benefit of a planning consent to convert the upper parts into 10 high quality apartments.
Phil Daniels at FHP commented “There is still an appetite for small scale town centre living and this property’s excellent location on the historic Market Square appealed to the purchaser for their rental model. We are currently advising a number of clients on former office properties suitable for residential development, with this market continuing to remain buoyant”.
Dom Stevens, Destination Chesterfield Manager said: “There are already a number of residential developments already underway in the town centre and the Old Post Office will further add to this. Town centre living is a key component to creating a modern town centre which has a thriving daytime and evening economy – which are both important to the town’s fortunes.”
Work will commence shortly on site for a scheme aimed at the rentals market.
