From
http://www.no-use-empty.org 2011 Kent County Council’s No Use
Empty scheme has played an integral role in the re-development of the
Arcadian Hotel in Margate, which on 1 November is re-launched as a
residential development comprising 14 one and two bedroom apartments.
No Use Empty, the UK’s leading empty homes initiative, has created
over 1,900 new homes since 2005. The scheme is run by Kent County
Council in partnership with all twelve local authorities in the county.
The "Arcadian Hotel" was built in the late 1800s and was subsequently
converted into flats. However, prior to the recent redevelopment
undertaken by developer Geoffrey Berger, the block had been unoccupied
and run down to the point of dereliction, reducing a once iconic
building to a local eyesore.
Thanet District Council, a longstanding partner in the No Use Empty
scheme, targeted the site for regeneration, and worked with Mr Berger
once he had acquired the site to raise the necessary finance to commence
work. No Use Empty provided an interest-free loan of £175,000, with Mr
Berger providing the rest of the funding for the project.
All loans offered to owners of empty homes are repaid to Kent County
Council in full and recycled back into the scheme. To date, loans issued
by No Use Empty total £5.2 million.
Steve Grimshaw, Project Manager for the No Use Empty scheme said: “It
is important that with house-building declining, we look at ways that we
can utilise unused buildings to create quality housing. Thanet District
Council has worked tirelessly to ensure this site will have a future and
we are delighted to be involved in a project that as well as providing
14 much-needed homes, will further aid the regeneration Margate Old Town
following the arrival of the Turner Centre earlier this year.”
The new development carefully replicates The "Arcadian’s" original
wrought iron balcony and hotel signage, meaning the Victorian character
of the building is retained. Inside, the well-presented apartments are
spacious, with Victorian high ceilings and large, panoramic windows. The
internal finish includes hand fitted kitchens and solid wood worktops
and some apartments have private balconies.
Outside, the sea front and Margate’s golden Main Sands are a short
stroll down Fort Hill. Turner Contemporary to the right, Margate’s
historic Old Town to the left. In summer this continental-style piazza
hosts a growing calendar of events including a Jazz Festival in July.
Mr Berger has already secured lettings for nine of the fourteen
apartments, reflecting the quality of the units, and also the demand for
quality housing in the area. A limited number of the apartments are
available for sale starting at £120,000.
Geoffrey Berger, developer of The Arcadian said: “In the current
climate it is extremely challenging to get re-developments of this
nature off the ground, and I am grateful to the No Use Empty scheme for
the assistance they have provided, financial and otherwise, to help turn
my vision for the site into a reality.”
Available furnished or unfurnished, one bedroom apartments start from
£450 pcm, two bedroom apartments from £550 pcm. |