Derelict Leeds building to be transformed into city's first ever £1m penthouse apartments

Posted on 09 March 2021

Derelict building in Leeds on George street
This building on George Street will be redeveloped into new £1m penthouse apartments

A derelict building in the heart of Leeds is set to be transformed into a luxury apartment complex– complete with the city’s first-ever penthouse apartments worth an eye-watering £1million or more.

Leeds-based developer, Priestley Homes, aims to transform the Grade II listed building situated on Great George Street, in the Northern Civic Quarter, into 76 luxury apartments.

If the planning application, which was submitted to Leeds City Council earlier this month, is approved, the £31million regeneration project will be the first development to bring plush penthouses worth seven-figure sums to the Leeds property market.

The building, which was once a high school and then used as an office block, has been left empty since 2018, but the property developers now have grand plans to totally transform the building. According to the developers, if they do get the green light to go-ahead, the swanky new development will comprise of one-to-three-bedroom apartments throughout.

It will also boast a private roof garden which comes complete with a hot tub and an indoor and outdoor kitchen and bar area.Other perks of residing at the property will include a private, on-site residents’ gym and concierge service. Meanwhile, those that can afford the £1million price tag for a penthouse apartment can expect to be treated to excellent city views, luxury fittings and a whopping 3,000 sq. ft of living space. But those who opt for a more modest two-bed apartment, will find themselves situated on the lower levels of the building and have up to 1,500 sq. ft. of living space. All apartments will be fitted with large, original windows, designer fixtures and fittings, underfloor heating, and the latest smart home technologies. And almost half of the apartments will benefit from a private outdoor area.

Priestley Homes’ hopes its plans will create a thriving residential community at the core of one of the busiest districts in Leeds. Nathan Priestley, chief executive officer of the Priestley Group, said: “As a Leeds-based business, it’s great to be able to re-energise one of the grandest buildings in the city centre and transform it into must-have homes. “We excel at breathing new life into heritage buildings with ambitious plans that are meticulously realised.”

He added: “This is truly one of a kind for Leeds centre, rivalling high-end developments like One Hyde Park in London and beyond. “We have focused on spacious, luxurious designs and going beyond the normal requirements for private outdoor spaces in listed conversions, reflecting the current work-from-home situation, and how we see city centre living evolving in the future.” Priestley Homes, which specialises in the regeneration of historic buildings to the highest standards of living, expects a decision on the planning application to be made in Spring. If the council approves of the plans the company will begin work immediately – with ambitious plans to complete the project by late 2022. Priestley Homes partnered with UK-wide specialist lender, Together, which provided a multi-million-pound facility to help purchase the site.

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