Impala Estates, a family owned property investment business, has purchased Crescent Gardens in Harrogate for £4million, in deal secured by property firm Sanderson Weatherall.
The 37,900 sq ft building was occupied by Harrogate Borough Council from the 1930’s up until 2017, when the council consolidated its offices and relocated to a new headquarters at Knapping Mount.
Impala Estates plans to refurbish the building, which is in the centre of Harrogate, and launch it as offices.
Councillor Graham Swift, Harrogate Borough Council’s deputy leader and cabinet member for resources, enterprise and economic development, said: “The proposed plans will ensure that this high quality local asset is regenerated to deliver a building that provides much needed office space in the town centre and provide community benefits that keeps Crescent Gardens as a vibrant addition to Harrogate town.
“Although the sale process has appeared lengthy, I am delighted that the sale has now been fully completed and I look forward to working with Impala Estates and our planning teams to ensure the development is implemented successfully.”
James Hartley, from Impala Estates said, “Plans are in place to bring the building back to its former glory and refurbish these offices to a modern standard for multiple occupancy. We aim to create office space on flexible lease terms, with meeting rooms, kitchens, showers and gym facilities. The space will range from fully serviced shared workspace for small businesses and start-ups, to larger offices available on an exclusive use basis.”
Richard Dunn, head of agency at Sanderson Weatherall added, “We are pleased to have secured Impala Estates as the purchaser of Crescent Gardens, on behalf of Harrogate Borough Council. The sale of this iconic property has attracted a great deal of interest from property companies and developers, as well as the local community who are keen to see the building be brought back to life. Impala Estates has a long-term interest and vision for Crescent Gardens, and it will be exciting to see their plans come to fruition.”
Impala Estates own and manage several industrial and commercial properties on the A1 Corridor between Durham and Chesterfield, including a multi tenanted office building in Harrogate.
