Property consultancy firm, Regency Residential, part of the MCR Property Group has extended its city-centre Norwich development, Grosvenor House, with 14 luxury penthouse apartments.
The 14 purpose-built properties, offering an average of 932 sq ft for a three-bedroom apartment, form part of a roof extension to the original scheme. The extension takes the residential development on Prince of Wales Road from 65 to 79 units.
Placed on floors five and six, prices start from as low as £259,950 for a two-bed apartment and £304,500 for a three bedroom. As an investment, prospective buyers can expect an annual yield in the region of 6.5%.
Situated on the top two floors of the six-storey development, all penthouse units are fitted to a high-quality specification, including quality Bosch kitchen appliances and laminate flooring as standard. Balconies are available on select apartments, which provide stunning views of Norwich.
Grosvenor House was overhauled in 2017 to create a mixed-occupancy development for those seeking affordable, city-centre living accommodation. In easy reach of Norwich Railway Station, the former commercial block is placed near local amenities, with Riverside Entertainment Complex just a five-minute walk away.
Chris Taylor, managing director of Manchester-based Regency Residential, said: “Norwich is a real hub for growth at the moment, with expanding sectors in research, development and technology. The city’s gross value added (GVA) increased faster than that of London, Manchester and Bristol in the last quarter of 2017.
“There has been great interest in Grosvenor House, with high demand in the area pushing occupancy to over 60% already. It’s great to see young professionals and families settling in this desirable, city-centre location and benefitting from our competitive pricing and payment plans.”