A commercial redevelopment has been highlighted in Yorkshire, as a commercial building has been purchased in a deal worth more than £1.5m.
Property investment firm The Helmsley Group, who are acting on behalf of Kings Square Venture, have purchased the building, which is built up of four retail units, and three empty floors above, which has potential to be converted into flats. The commercial property is based on the corner of Kings Square and Church Street.
The chairman of The Helmsley Group, John Reeves said “It’s terrific to be able to buy well for clients as well as be able to bring back into use space above retail that can be converted into much needed living accommodation. It’s a win-win situation – creating new homes for sale whilst enhancing clients’ returns in the process.”