Property developers are hoping a crowdfunding plan will restore a historic Doncaster landmark to ‘it’s former glory’.
Yorkshire Investment Property, based in Glasgow, says it wants to go ahead with plans to convert Denison House on South Parade into 11 luxury apartments.
Paul Smith, from Yorkshire Investment Property is also the chairman of The Service Crowd, a company which is giving people the chance to invest in this commercial restoration project.
Sales director of the Service Crowd, Ceri Evans, said: “This is a beautiful grade II listed building. We are giving anyone the chance to invest anything from £100 to the full £1.8m it will take to complete the funding.
“We know people are sick to death of getting such poor interest rates from banks and savings accounts. This is a safe short term investment where people will get a much more favourable return within three years.”
The Hall, as it was previously known, is within a group of buildings which were constructed in the late 1790’s to provide homes for the wealthy members of society. It is no coincidence that it was built on the edge of the town next to the Racecourse, which provided an important part of the social calendar.
Eight one bed and three two bed apartments will be created, which would bring back to life the Georgian features of the building.
It would mix modern and old fashioned under the proposals.
The crowdfunding bid must reach £1.7m within 90 days of opening.
Mr Evans said: “At the moment we’ve got 58 days to go and we’ve met just over 50 per cent of the target.
“I know from experience that once a project like this gains traction you get a lot more people wanting to invest near the end than at the beginning.”
Denison House was previously owned by Muse developments and bought at auction last month. It is rated by the Doncaster Civic Trust as one of the five buildings they would most like to see restored.