Doncaster firm invests Â£300,000 in town centre pub and studio rooms
Breathing new life into a derelict Doncaster pub with a Â£300,000 refurbishment is a town-based property developer.
Empire Property Concepts recently completed the transformation of the leisure and residential site which is part of the £300 million Civic and Cultural Quarter development.
The firm has now released 15 stylish studio rooms which have been converted from former bedsits above the former Turf Tavern in College Road.
The bar itself has also been completely modernised, and agents Barnsdales are in discussion with interested parties.
Paul Rothwell, managing director of Empire, said he moved quickly to acquire the site at an attractive price which enabled him to commit to a high quality improvement programme.
He said: “The Turf Tavern had been closed for many years. We heard it was available and we managed to buy it for just £140,000, enabling us to invest a further £300,000 on a major refurbishment.”
The building sits next to Doncaster’s former south bus station and is part of the Waterdale complex which is the subject of a £300 million improvement programme covering 25 acres and taking place over six to eight years.
Main developers St Modwen have announced that they are about to start the redevelopment of the nearby Young Street car park to provide new retail and leisure facilities by early 2017.
Peter Rothery, residential sales and residential lettings manager at Barnsdales Living, who have been appointed by Mr Rothwell, said the Waterdale development will add to the appeal of the studio rooms at a time when demand is increasing for urban residential opportunities.
He said: “Doncaster Council’s partnership with St Modwen is driving the transformation of the Waterdale area and the creation of the Civic and Cultural Quarter and this project by Empire Property Concepts is an example of the additional investment which is being attracted into the town centre.
“Urban living is definitely on the increase and there is a move towards the conversion of old commercial buildings for residential use. The beauty of this property is that it was previously used for residential and the fact that it was acquired for a good price enabled the new owner to invest more money in a high standard of modernisation.”
Mr Rothwell added: “We are building up a decent portfolio. We have other properties in Leeds and Doncaster and we are expanding into Barnsley, Castleford and Hull.
“Any big town or city centre is ripe for this type of development. There are a lot of empty buildings that need work doing on them and the Government has made it easier to get the necessary permissions for change of use.”