Cathedral Yard, Exeter
Cathedral Yard Luxury Apartments
Exeter-based property developer, Burrington Estates, has today announced one of its seven luxury apartments in Cathedral Yard has sold for what is believed to be a record amount for a property in the city – and before the development has formally launched.
The 2,147 sqft, 3-bed apartment boasts stand-out features including an external terrace and an open-plan dining and reception area enjoying stunning views overlooking the Cathedral and has secured an asking price in excess of £1million, making it the most sought-after piece of real estate in the region.
Renovation of the four-storey Grade II listed building – directly above Edinburgh Woollen Mill in Cathedral Yard – is already underway and will consist of seven exquisite one, two and three-bed apartments. The prime development has been aptly named Cathedral View by the property developers which has a growing reputation for high quality new development and sensitive refurbishment projects in the South West.
Paul Scantlebury, co-owner of the successful property development enterprise which also launched a New Homes company in 2016 which has just scooped a national award for its Clyst St George development, comments: “Following the success of Dean Clarke House, we knew there was an appetite for this type of luxurious, city-centre living and securing a seven-figure sum for one of the apartments, before we have officially launched the development, is massively encouraging and in this uncertain political climate, shows just how robust the South West property market is.”
Burrington Estates has also confirmed two further apartments have been reserved, meaning only four remain in this premium development. For those seeking the height of luxury city-centre living, there is still scope to secure the penthouse, which is priced on application.
Numerous South West businesses are also involved in this land-mark development, including Exeter-based architect firm, Expedite who will be project managing the entire build process from conception to completion. Plymouth-based building contractors, Urbn Construction, will implement the construction and restoration works.