In the first month since launch, Savills are reporting 10 reservations at the prestigious Grosvenor development, which boasts 38 homes including one, two and three bedroom apartments.
The news comes as property website Rightmove has tipped Southampton as being one of the hottest future house price locations for the next five years. It said prices were now rising faster in the South East than London.
Guide prices at the Guildhall Apartments start at £140,000 for a one bed apartment and £310,000 for a three bedroom home. The majority enjoy a private terrace, en suite bathrooms and under cover secure parking.
Alan Watt, Savills Head of Residential Development Sales, said: “On the first day of opening we actually had a queue forming outside the sales office at 126 Above Bar Street, just six doors down from the development itself. We were all delighted. The most satisfying thing is that interest has held up and we are experiencing good footfall throughout the week.
“As anticipated the homes, which offer high quality secure, city centre living, are appealing to all sectors of the market from first time buyers to downsizers. Five properties are currently available for sale in the first release.”
The Guildhall Apartments form part of the new Arts Complex development which also incorporates seven restaurant/retail units, alongside facilities for City Eye, the University of Southampton’s John Hansard Gallery and a multi-purpose performing arts centre with two flexible performance spaces and a dance studio.
The Guildhall Apartments are scheduled to be ready for occupation in summer 2015 and, following a 12 month fit out programme, the arts complex is due to open in 2016. The £40 million scheme will provide over 300 direct jobs and is expected to bring 750,000 visitors to the city every year.
Simon Armstrong, Project Director at Grosvenor, said: “Purchasers are really enthusiastic about this unique location. The homes offer residents unparalleled views across the city and its fabulous Parks. With a huge variety of arts and cultural activities on the doorstep The Guildhall Apartments are fantastically located for anyone who wants to make the most of what Southampton has to offer.”
Councillor Simon Letts, Leader of Southampton City Council, said: “It’s good news to hear that people are snapping up the apartments as it shows the need for quality homes in the city centre, together with a desire from people wanting to live in our city and share in our exciting and prosperous future.”
Each apartment has been carefully designed by architects CZWG to make the most of the space and the views. The apartments benefit from high quality interiors, including underfloor heating and timber flooring, as well as quality fixtures and fittings.
These include integrated Bosch appliances in the kitchens, Krieder kitchen units and Hansgrohe taps and showers in the bathrooms. The Guildhall Apartments also benefit from a total of 31 basement car parking spaces and there is secure bicycle storage in the basement for each unit.
The sales office at 126 Above Bar Street, just six doors down from the development itself, is open Thursday to Monday 10am -5pm. For further enquiries, details and floor plans, visit the website at www.guildhallapartments.co.uk or call Nikki Penman at Savills on 02380 713964.
For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
020 7312 6479/6101
Notes to Editors
Grosvenor Britain & Ireland aims to create value through its skills in place-making and design, repositioning locations in ways that change customer perceptions and deliver results for our stakeholders. We own and develop an exceptional range of properties and locations in Britain and Ireland through two business units: our London estate, responsible for assets across 300 acres of Mayfair and Belgravia, and Grosvenor Developments, responsible for all off-estate activity in Britain and Ireland. Both teams have a common goal: to create great places for people to live, work and visit. As at 31 December 2013, Grosvenor Britain & Ireland had assets under management of £5bn.