Advice from RMT Accountants & Business Advisors has helped a £3m conversion of a Grade Two-listed building in Northumberland's county town into residential accommodation reach the latest landmark in its development
Northumberland Homes Ltd purchased the former Registry Office on Newgate Street in Morpeth last year and has since been working on converting the building, part of which dates back to the mid-18th century, into 12 high quality apartments while also retaining the building’s historic character.
Four bespoke bungalows are also being built within the ground of the building, with the first two expected to be available for occupation by the summer.
Over 100 enquiries have already been received about the scheme from potential property buyers and now, dozens of potential homebuyers have attended the project’s formal launch event in the town.
Rachel Warriner, Head of Corporate Tax at RMT Accountants & Business Advisors, is working with Northumberland Homes on the contractual and financial aspects of the Morpeth project, as well as on helping the business plan the next stages of its wider development.
A range of local staff and contractors have been appointed to work on the project, including RB Blackburn, Redhead Roofing and Classic Masonry, to ensure the site’s development had a wider positive impact on the local economy.
Gary Herron, founder and managing director of Northumberland Homes, says: “The Old Registry’s proximity to Morpeth town centre, the quality of the building and the potential that it offered made it an excellent option for us, and it’s fantastic to be seeing our vision quickly becoming a reality.
“It was important for us to recruit local contractors to work on this scheme, both to support the local economy and ensure there was a real empathy with the surrounding community in its development, and we’re lucky to have such an impressive range of skills and expertise on our doorstep.
“The launch event marks the next landmark in the Old Registry’s realisation, and having had well over 100 enquiries from potential buyers even before Christmas, we’re excited to have now put the details of the scheme formally on show.
“RMT’s support and advice has been essential in making our plans for the Registry a reality, and the team is also assisting us with a number of other projects around the region that will be going live later in the year.”
Rachel Warriner adds: “Northumberland Homes has an ambitious approach towards developing high quality residential accommodation in desirable locations and the conversion of the Old Registry is just the beginning of what the business can achieve around the region.
“We’re pleased to be playing our part in putting the tax-efficient structures in place that will help the business grow and excited to be part of its future evolution.”
