Commissioner agrees sale of former Hull Police HQ
The former Queens Gardens Police Station in Hull
Humberside Police and Crime Commissioner Keith Hunter has agreed the sale of the former Queens Gardens Police Station in Hull city centre.
Following the conclusion of an informal tender process, an unconditional offer of £1.4m was accepted from Hull-based developer Colpin Ltd. The capital receipt from the sale will be reinvested in policing infrastructure.
Keith Hunter said: “It’s important to ensure that Humberside Police’s estate matches the operational requirement both now and looking forwards, however the former Queens Gardens Police Station has been surplus to requirements for some time. This sale will provide a welcome boost to the capital budget and represents good value in the current market, along with the regeneration of a significant building in the city centre.”
Humberside Police Asst. Chief Officer Phil Goatley added: “It’s really good news that the building will now become an important part of the city’s future as well as it’s past. We look forward to seeing how the site develops.”
The sale of Queens Gardens Police Station was handled by Hessle based commercial property consultants Clark Weightman. Director Carl Bradley, who negotiated the sale said “When we were instructed to sell Queens Gardens Police Station we recognised it’s importance within the city centre and were keen to make sure that not only did we achieve the best price for the building but also agreed a sale that would complete within a reasonable time frame and to a buyer who could demonstrate that they had the experience, skills and financial resources to deliver a good quality development.
“Our marketing was UK wide with prospective buyers coming to Hull from the length and breadth of the country. The levels of interest in the opportunity exceeded our expectations which was fabulous news that developers want to invest in Hull. After inviting best offers we met with a shortlist of interested parties before agreeing terms with Colpin Ltd. We are delighted with the outcome of the sales process and wish them every success with their new development.”
Colpin Ltd will submit a planning application for the redevelopment of the building to Hull City Council later this month, after which more information on the plans will be released. Colpin Ltd are currently transforming a similar project at Essex House in Hull’s Old Town into 51 bespoke apartments.
Posted on Tuesday 4th October 2016