Work has started on a prestigious development to convert one of Peterborough’s best known buildings into apartments for sale or rent.
The City Club on Priestgate – and before that the City & Counties Club – is one of the city’s most famous haunts, built in 1867 and originally a private members’ club.
Property developer Lanning Progressive has acquired the club from Everards Brewery Limited and has started to develop the site. Langleys Solicitors in Lincoln acted for Lanning Progressive on the purchase of the club.
The development will see the City Club converted into a number of fully-furnished apartments available to buy or for short or long-term rent. Features, including high ceilings, a sweeping staircase and ornate fireplaces, will be restored to their original splendour.
Mark Homer, partner at Lanning Progressive, said: “We’re proud to be contributing to Peterborough’s regeneration through the restoration of a building which is so well known and has such local importance. Our development will also make a significant contribution to the need for more affordable housing within the city.”
The Priestgate development is expected to attract healthy interest from potential buyers given its proximity to the popular Cathedral Square and walking distance to Peterborough train station, making it ideal for London commuters.
Sarah Miles, partner in commercial property at Langleys Solicitors, said: “The City Club is an exciting development project for Lanning Progressive and a great investment in the heart of Peterborough. We look forward to seeing its full restoration come to life in spring next year.”