Former Brewery development reduces price by nearly 30%
The price of the Malthouse Development in Alnwick – a prestigious development with planning permission for 38 units – 33 luxury apartments and 5 office suites, has been greatly reduced.
Formerly on the market for £3m, the price of The Malthouse has now dropped to offers in the region of £2.2m and a developer is sought to realise its full potential as a highly profitable investment.
The stunning, former home of Alnwick Brewery and Maltings is situated right in the centre of the town with a footpath to the market square and secure car parking.
The property offers a fantastic opportunity for a developer to complete a flagship development with a great deal of the work already done.
Simon Brierley from George F White says: “Alnwick has grown significantly in the last few years with commercial development including the opening of Homebase, Argos, Sainsbury’s and the success of the Lionheart Enterprise Park and Cawledge Business Park. Add to that, the hundreds of tourists and Harry Potter fans visiting us and you have a thriving, bustling market town which is now in great need of good quality town centre homes and offices. This is a most attractive opportunity in a great location and with the right developer, I have no doubt it will be a highly lucrative investment.’