Residential

Addington Capital Opens New Apartment Block


The property investment and asset management company Addington Capital has just completed the development of a residential apartment block on 55 Queen Street, Sheffield S1, in Sheffield City Centre. The company is now marketing the units.

The 17, 800 square feet Victorian office building was acquired by Addington back in January 2016 as part of a larger portfolio. Since then, it managed to gain planning and development permission and the building was turned into a 24 modern flats block with 12 one bedroom and 12 two bedroom apartments and seven parking spaces.

Each apartment has large double glazed windows, granite worktops, high quality integrated appliances, dedicated fibre broadband connections, and low service charges. They range in size from 386 square feet to 743 square feet. The property is located in a conservation area, so Addington maintained the building’s original features.

“We have developed to a high finish and believe these apartments by virtue of quality and central city location will prove highly attractive to Sheffield’s young professional community. There is still a demand/supply imbalance in the Sheffield residential market,” commented Matthew Allen, Principal of Addington Capital, on the scheme.

The scheme will be marketed by Nicola Spencer of Spencer’s Estate Agents.

Founded in 2010 by Martin Roberts and Matthew Allen, Addington Capital is an independent asset management and investment business, with an established platform in the office, residential, and retail sectors. Their national retail experience ranges from small shops to dominant shopping centres, together with expertise in the restaurant and leisure sector. Addington also acquires residential portfolios and individual block of apartments across the UK, developing, managing, and let or sell them. For the office sector, it manages, refurbishes, and redevelops offices in central London, the south east, and in office markets throughout the UK.

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