Classically, property developers buy land to construct contemporary developments. Think new-build housing estates in the countryside, or city centre high rise living and office spaces.
Properties with development scope are always an attractive option, we’re talking wrap around extensions and loft conversions. These properties accelerate design potential, attract a precise target market, and achieve an attractive return.
From time to time, we’ll come across a diamond in the rough. The holy grail of property development, if you will. Repurposing an existing building for new use is a hugely exciting prospect. Creating the opportunity to breathe new life into an original structure and successfully marrying the traditional with cutting edge is one of the ultimate goals in property development.
You’ll often find opportunities like this in city centres or historic locations where, for various reasons, tearing down existing buildings to construct new ones sometimes just isn’t viable.
As property developers, we relish the challenge of each new project. Using our industry experience and expertise to maximise profits while developing fit for use buildings, ensuring they stay sympathetic to the surrounding area, the authentic structure and the new use.
When opportunities arise to work on iconic buildings that are steeped in local history, it’s an honour to make our mark on the location while restoring its heritage and repurposing an old building for future generations to enjoy.
The Merseyside area has seen some steady investment in recent years, however the planned development of both Liverpool and Wirral waterfront regions will totally revolutionise the banks of the river Mersey.
Investment and infrastructure projects encompassing Liverpool Waters, Wirral Waters and the planned £1bn regeneration of Birkenhead town centre will not only help to bring jobs to the community, but also space for new commercial bases, alongside offices and homes once complete.
Historic Cinema Site Project for 79th Luxury Living
The 79th Luxury Living team has now completed acquisition of a historic cinema site on the Wirral Peninsula in Birkenhead, local landmark The Gaumont.
The Gaumont opened its doors in 1938 and delighted movie goers for 26 years before showing its last film in 1964. Since then, the building continued to be a community hub, being repurposed as a bingo hall, a roller rink and most recently a furniture shop.
We’re committed to maintaining the multi-use development bringing income into the local community, with sitting commercial tenants in both retail and telecommunications using The Gaumont building as their hub, with the redeveloped flats starting from the first floor of the building and above.
We are delighted at the opportunity to acquire and convert this piece of Birkenhead history into homes for local residents.
Working with our chosen architect and planning consultant, Philip Seddon Associates, we aim to rekindle the local housing market with some very much needed, reasonably priced living spaces.
Together, we’re developing a design which will honour the original characteristics of the building while catering to the increasing demand for affordable homes in the area.
At 79th Group, we are committed to playing our leading part in helping to rejuvenate Birkenhead, and are proud to be part of the wider regeneration projects happening across Wirral and Liverpool.
Watch this space for upcoming news as 79th Group work closely with our partners in bringing another iconic restoration and repurposing project to investors and first-time buyers interested in the Liverpool Waters region.
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