First time buyers snap up The Post House with 75% of apartments already sold
Cllr Paul James, Leader of Gloucester City Council and cabinet member for Regeneration and Economy, was the guest of honour at the topping out ceremony at The Post House, the redevelopment of the former Gloucester Royal Mail offices.
And development partners County to County Property Group and Elevate Property Group have announced that already 75% of the 48 apartments have been reserved off-plan.
Tom Waldron, managing director of County to County Property Group, said the majority of reservations had been made by young, local, first time buyers.
“We are taking Help to Buy reservations and anticipate our allocation being confirmed in the New Year.
“What is exciting is that The Post House is set to create a really vibrant community of young people, all enjoying moving into their first property,” he said.
He added that buyers were commenting favourably on the quality of the finish and specification that was offered at The Post House, particularly since the show apartment was unveiled on Saturday 10 November.
“We saw an immediate surge in reservations as soon as prospective purchasers could see what they would be getting for their money – in other words, that we are delivering what we promised,” he said.
Early in the New Year, it is anticipated the scaffolding will be coming down, revealing for the first time the new look windows and roof complementing the preserved exterior façade of the landmark building.
The design principles behind the project have combined art deco architecture with contemporary interiors, providing well-proportioned apartments with a deluxe specification.
The L-shaped development was originally part of the Royal Mail’s sorting centre operations. One of Gloucester’s landmark commercial buildings, it is now delivering 32 one bedroom and 16 two bedroom apartments, with prices ranging from £108,000-£125,000 for the one bedroom apartments, and £155,000-£185,000 for the two bedroom apartments.
The parking provision is unusually high, with one space allotted per one bedroom apartment and two spaces for the two bedroom apartments.
The contract for The Post House was awarded to Gloucester construction company E G Carter and completion is anticipated in May/June 2019.
Built in the 1950s, The Post House is arranged in an L-shape with two wings either side of a central art deco style stairwell and atrium which will be retained and provide a stylish entrance and introduction to the development.
The Post House development is ideally situated, with Gloucester city centre, the Cathedral and railway station approximately two miles to the west, and Kingsholm Stadium, home of Gloucester Rugby, is just 1.5 miles away.
The Post House fronts on to the roundabout junction with the A38 Eastern Avenue and Barnwood Road, as well as Corinium Avenue which connects to the A417 and junctions 11 and 11a of the M5. Surrounding amenities include local shops, supermarkets, fast food outlets, retail parks, pubs, hotels, restaurants, public parks and good schooling.