York's first £1m apartment sparks huge interest

York Press: York's first £1m apartment sparks huge interest York's first £1m apartment sparks huge interest

HUNDREDS of people have already shown interest in the first £1 million apartment in York, developers say.

Developer Grantside is creating four new apartments and office space at the riverside Bonding Warehouse, with private lifts and a private bridge for when the River Ouse floods.

Work on the building is expected to be completed in May and the four apartments - a mix of two and three bedrooms each - will take up the entire top floor of the 7,000 sq ft building.

Steve Davis, Grantside managing director, said: “The Bonding Warehouse is a landmark building, and its location, next to the Victorian Skeldergate Bridge and opposite Clifford’s Tower, is tough to beat even in such a historic city as York, so we expected a lot of interest.

“Even so, the number of enquiries we are already receiving is unprecedented, with more than 100 coming into the site offices from passers-by, locals and investors.

"It has been a surprise, and puts the market demand firmly back at pre-recession levels.”

The lower floors of the Victorian building have also been updated, with state of the art flood defence barriers to protect the site, and office space has already been sold to local businesses.

The Bonding Warehouse was built in 1875 and was most recently used as a bar and restaurant, but it closed after being severely damaged in the floods of 2000 and has never re-opened. It was seen as a possible venue for a digital media and arts centre in York, but was overlooked.

 

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8:06am Tue 18 Feb 14

nearlyman says...

......So much interest that a little bit of free advertising in the Press might cause a deluge !............not !!
......So much interest that a little bit of free advertising in the Press might cause a deluge !............not !! nearlyman

8:48am Tue 18 Feb 14

Ralph_ says...

No it isn't?! Merchant Exchange on Ouse Bridge was billed as the first, over 10 years ago.

http://www.yorkshire
post.co.uk/news/main
-topics/local-storie
s/first-163-1m-flat-
arrives-at-hotspot-c
ity-1-2431222
No it isn't?! Merchant Exchange on Ouse Bridge was billed as the first, over 10 years ago. http://www.yorkshire post.co.uk/news/main -topics/local-storie s/first-163-1m-flat- arrives-at-hotspot-c ity-1-2431222 Ralph_

8:49am Tue 18 Feb 14

Ralph_ says...

"First £1m flat arrives at hotspot city

House prices continue to rise as fast as the new homes spring up all around York, and the city has been gaining a reputation as a property hotspot.

And soon it will have its first 1 million flat, which goes on the market this week.

The duplex penthouse in York will be the most expensive of 23 new homes in the Merchant Exchange development overlooking the River Ouse.

As well as getting 2,300 sq ft right on the riverside in the middle of the city, the buyer will be able to enjoy a rooftop garden and have his or her every whim catered to in terms of design and decor. Construction work is about to start at the former Varvills warehouse, the last remaining derelict riverside site in central York, next to Ouse Bridge, to transform it into the Merchant Exchange."
"First £1m flat arrives at hotspot city House prices continue to rise as fast as the new homes spring up all around York, and the city has been gaining a reputation as a property hotspot. And soon it will have its first 1 million flat, which goes on the market this week. The duplex penthouse in York will be the most expensive of 23 new homes in the Merchant Exchange development overlooking the River Ouse. As well as getting 2,300 sq ft right on the riverside in the middle of the city, the buyer will be able to enjoy a rooftop garden and have his or her every whim catered to in terms of design and decor. Construction work is about to start at the former Varvills warehouse, the last remaining derelict riverside site in central York, next to Ouse Bridge, to transform it into the Merchant Exchange." Ralph_

9:31am Tue 18 Feb 14

What's Up, Doc? says...

I thought that the Aga Khan paid £1million for his penthouse on Terry Avenue, just the other side of the bridge to the Bonding Warehouse?
I thought that the Aga Khan paid £1million for his penthouse on Terry Avenue, just the other side of the bridge to the Bonding Warehouse? What's Up, Doc?

9:45am Tue 18 Feb 14

roskoboskovic says...

if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites.
if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites. roskoboskovic

9:45am Tue 18 Feb 14

yorkie71 says...

would make a great holiday let / party house
would make a great holiday let / party house yorkie71

9:47am Tue 18 Feb 14

smudge2 says...

What's Up, Doc? wrote:
I thought that the Aga Khan paid £1million for his penthouse on Terry Avenue, just the other side of the bridge to the Bonding Warehouse?
The only AGA this 1 million flat will have in it is an AGA cooker .
[quote][p][bold]What's Up, Doc?[/bold] wrote: I thought that the Aga Khan paid £1million for his penthouse on Terry Avenue, just the other side of the bridge to the Bonding Warehouse?[/p][/quote]The only AGA this 1 million flat will have in it is an AGA cooker . smudge2

10:01am Tue 18 Feb 14

dsom73 says...

This is not good news.
This is not good news. dsom73

10:09am Tue 18 Feb 14

again says...

roskoboskovic wrote:
if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites.
For 3 decades we have elected governments that removed obstacles to allow market forces to prevail and remove the 'spectre' of socialism.

Don't just blame one local authority! The turkeys voted for christmas.
[quote][p][bold]roskoboskovic[/bold] wrote: if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites.[/p][/quote]For 3 decades we have elected governments that removed obstacles to allow market forces to prevail and remove the 'spectre' of socialism. Don't just blame one local authority! The turkeys voted for christmas. again

10:27am Tue 18 Feb 14

YorkPatrol says...

dsom73 wrote:
This is not good news.
why?

All you people moaning would no doubt be the first to sign up should your numbers come up on Friday night
[quote][p][bold]dsom73[/bold] wrote: This is not good news.[/p][/quote]why? All you people moaning would no doubt be the first to sign up should your numbers come up on Friday night YorkPatrol

10:38am Tue 18 Feb 14

meme says...

To be fair its good and bad news
it shows York is great for living in and has interest from everywhere to spend serious monies
It also shows how hose prices are getting very high which is nor such good news
However, to be fair buildings, like this on the riverside which cost a fortune to do up are never going to be affordable for most. Their vary location and nature of refurbishment costs make them unaffordable for mere mortals.
For the affordable and more normal financial abilities of most of us we have to look at suburban locations or smaller flats
This is a fact of life; prime positions attract prime prices and we should be glad that York can attract this type of money as its good for the city in general as these people spend and bring jobs
To be fair its good and bad news it shows York is great for living in and has interest from everywhere to spend serious monies It also shows how hose prices are getting very high which is nor such good news However, to be fair buildings, like this on the riverside which cost a fortune to do up are never going to be affordable for most. Their vary location and nature of refurbishment costs make them unaffordable for mere mortals. For the affordable and more normal financial abilities of most of us we have to look at suburban locations or smaller flats This is a fact of life; prime positions attract prime prices and we should be glad that York can attract this type of money as its good for the city in general as these people spend and bring jobs meme

10:55am Tue 18 Feb 14

Archiebold the 1st says...

again wrote:
roskoboskovic wrote: if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites.
For 3 decades we have elected governments that removed obstacles to allow market forces to prevail and remove the 'spectre' of socialism. Don't just blame one local authority! The turkeys voted for christmas.
I think the aspirations of kids have changed in modern times... you are better getting a house on benefits then saving up really... some of them are nice 5 bed houses too..

It’s simply you either have to save for a few years (some of my mates started at 18 or earlier) or you pop out a few kids and get a house that way...

I agree that York is bad as the average wage isn’t the highest but the house prices are but the only way around that is to work and buy somewhere else. I don’t think we can blame the government on this occasion for the micro economy of York... I looked to relocate the other month and could have had a 4 bed detached house in derby for the value I was looking at. But its derby... enough said...
[quote][p][bold]again[/bold] wrote: [quote][p][bold]roskoboskovic[/bold] wrote: if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites.[/p][/quote]For 3 decades we have elected governments that removed obstacles to allow market forces to prevail and remove the 'spectre' of socialism. Don't just blame one local authority! The turkeys voted for christmas.[/p][/quote]I think the aspirations of kids have changed in modern times... you are better getting a house on benefits then saving up really... some of them are nice 5 bed houses too.. It’s simply you either have to save for a few years (some of my mates started at 18 or earlier) or you pop out a few kids and get a house that way... I agree that York is bad as the average wage isn’t the highest but the house prices are but the only way around that is to work and buy somewhere else. I don’t think we can blame the government on this occasion for the micro economy of York... I looked to relocate the other month and could have had a 4 bed detached house in derby for the value I was looking at. But its derby... enough said... Archiebold the 1st

12:49pm Tue 18 Feb 14

AU55SEY says...

http://www.bournemou
thecho.co.uk/news/79
24861.print/

Indeed it was sold, way back in 2002, as reported in the Bournemouth Echo !!!
http://www.bournemou thecho.co.uk/news/79 24861.print/ Indeed it was sold, way back in 2002, as reported in the Bournemouth Echo !!! AU55SEY

12:57pm Tue 18 Feb 14

uhtred says...

does the £1m include the boat shown, as no doubt it will be needed on a regular basis.
does the £1m include the boat shown, as no doubt it will be needed on a regular basis. uhtred

1:35pm Tue 18 Feb 14

YorkPatrol says...

uhtred wrote:
does the £1m include the boat shown, as no doubt it will be needed on a regular basis.
and a private bridge for when the River Ouse floods.......

no boat needed
[quote][p][bold]uhtred[/bold] wrote: does the £1m include the boat shown, as no doubt it will be needed on a regular basis.[/p][/quote]and a private bridge for when the River Ouse floods....... no boat needed YorkPatrol

4:38pm Tue 18 Feb 14

Rusty Shackleford says...

I hope they have enough money left over to buy an inflatable dinghy for when Skeldergate floods
I hope they have enough money left over to buy an inflatable dinghy for when Skeldergate floods Rusty Shackleford

4:40pm Tue 18 Feb 14

Rusty Shackleford says...

http://www.yorkpress
.co.uk/resources/ima
ges/2170654.jpg
http://www.yorkpress .co.uk/resources/ima ges/2170654.jpg Rusty Shackleford

8:50pm Tue 18 Feb 14

bunties says...

Those people complaining they cannot afford these prices should have worked harder at school, worked hard at uni, become doctors, lawyers or bankers and then enjoyed owning these properties.
Those people complaining they cannot afford these prices should have worked harder at school, worked hard at uni, become doctors, lawyers or bankers and then enjoyed owning these properties. bunties

4:57am Wed 19 Feb 14

Non-corporate entity says...

roskoboskovic wrote:
if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites.
They call them selves labour but they are definitely not socialist. It's all a farce these days THEY ARE ALL THE SAME.
[quote][p][bold]roskoboskovic[/bold] wrote: if the council insist on allowing new houses to be built in york they will be snapped up by speculators and absent landlords yet ycc seem unable to grasp the concept.our kids can no longer afford to live in the city and this is under a supposedly labour/socialist council.aren t they always the worst hypocrites.[/p][/quote]They call them selves labour but they are definitely not socialist. It's all a farce these days THEY ARE ALL THE SAME. Non-corporate entity

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