The North Yorkshire property Crescent Gardens is to be renovated into a £45 million residential enclave featuring two four bedroom penthouses, ten exclusive homes with shops, an art gallery and restaurant. Approval was given by the Harrogate borough council on 28 March of this year. The property had originally been a Victorian bath house and then offices for the the Harrogate borough council starting in the 1930’s.
The property firm Adam Thorpe Property Group PLC bought the property with a subsidiary ATP (Crescent Gardens) LTD according to the Harrogate Advisor (HA). Additional funding will be made to improve public areas with the purchase.
Wallace Sampson, Chief Executive of Harrogate Borough Council said to the HA:
“We are delighted to have exchanged on our Crescent Gardens offices to a Harrogate based business.”
“We received a significant number of bids and felt that as well as being a strong financial offer, ATP (C Gardens) LTD’s proposed use of the building as high quality residential accommodation, art gallery, re retail units was fitting for the town centre location.
“It is fantastic that we have been able to progress the sale of this iconic building together with other as our move to our new civic headquarters later this year.”
The North Yorkshire town famous for its spas and mineral water treatments has an average home price of £286,859. The construction is expected to be completed by 2020 with the residences expected to fetch £12 million each for two four - bedroom penthouses and ten two-bedroom exclusive residences priced at £2.5 million per unit.
Amenities by the developer will include:
‘...art gallery and landscaped gardens, which will feature a brasserie-style restaurant in a glass dome-shaped building.’
As well as
‘... plans for a 16,000 square-foot underground 'wellness centre' that will include a hammam spa, sauna, aromatherapy steam rooms and a cryotherapy room.’
Service charges start at £18,000 which will include housekeeping, 24/7 room service, concierge and private car park. The service charge will double for the larger residences.
The Right Buyer
So what is the right kind of purchaser for the new Crescent Gardens development?
Speaking to The Sunday Times property developer Adam Thorpe says the right kind of buyers are :
'...successful, international individuals' with a 'Yorkshire connection'.
'If you're not in London or the Cotswolds and you need to be further north, Harrogate's the spot.'
'These are real-estate prices based on what you can get in Europe.
'It's a bit like the old private banks. We are not looking for just anybody who can pay. We are looking for the right people.
'It's going to be quite an intimate collection of buyers. We are bringing in the best names so that Crescent Gardens really shines outside London.
'We're not looking at it being the best development in Harrogate - we're looking at it being a world-class building and residences.'
Harrogate has been voted one of the happiest places in the UK to live especially for families.
Adam Thorpe of Adam Thorpe Property Group told the HA:
“We are delighted to be bringing an exciting scheme to Harrogate which will be a flagship outside of London.
"The restoration of the area with a combination of private residences alongside the Art Gallery and public gardens a unique opportunity for all involved.
"Historic and civic values have been very important in our consideration as well as providing a legacy going forwards.”
The Harrogate Borough Council has relocated this September to to the new Civic Centre at Knapping Mount which is expected to save the borough close to £1 million in efficiency savings per year.