Victoria Court is a Karbon project involving a high specification £700,000 refurbishment of an existing building, being led by main contractor Burridge Construction.
The building on Gowan Terrace in Jesmond is being reconfigured to boast six 2 bedroom apartments and two 1 bed apartments to suit the local rental market, and each one will benefit from its own secure car parking space at the rear of the block.
The apartments will be marketed at rents which will be competitive in the buoyant rental market in Jesmond.
Letting agent Pat Robson has been appointed to market the building locally, with young professional tenants being the key market.
Jayne Hore, assistant director of sales and marketing at Karbon, said: “We are excited by the quality of home we are bringing forward at Victoria Court.
“This is a fantastic location, right in the heart of Jesmond, within easy walking distance of the shops and cafes around Acorn Road, and just a few minutes from beautiful Jesmond Dene.
“There are not many homes of this type, in this area, with a reserved off road parking space for every apartment.”
Stephen McCoy, Commercial Director for Burridge Construction, added: “We are delighted to have this opportunity to build on our excellent working relationship with Karbon Homes, on a project which not only demonstrates our strength in high quality refurbishment but also adds to our growing portfolio of residential work.”
Tim Nixon, director at Pat Robson and Company, said “We’re pleased to have been appointed as letting agent for Victoria Court. Rental demand in central Jesmond from professional and corporate tenants remains strong, and we are confident that the design, specification and location of Victoria Court will ensure a good market reaction.”
Karbon is a major landlord in the North East, with almost 30,000 homes of different types across the region. We offer rented homes, Shared Ownership, Rent to Buy and homes for sale, with all profits re-invested to build and maintain more properties for the communities we serves.