A Holywood pub looks set to be renovated into luxury apartments as part of a £2m redevelopment.
Lacuna Developments is hoping to renovate 1 Stewart’s Place and the Old Priory Inn, Holywood, into new luxury apartments after buying the site in January.
The Northern Ireland developer has put forwarded plans to redevelop the listed building on Stewart’s Place as three one-bedroom luxury apartments.
The remainder of the site will be renovated as 14 two-bedroom apartments.
The firm highlights that efforts have been made to “preserve and reinstate features of the original 1 Stewart’s Place building” which is believed to have been constructed around 1840 by William Lowry.
The site was added to the market for around £400,000 last year.
The Old Priory Inn has been vacant for around a decade.
Anthony Best, Lacuna’s managing director, stated: “Before we bought the site, 1 Stewart’s Place had fallen into a terrible state of repair, resulting in a collapse of the wall on to the corner of High Street and Stewart’s Place. The collapse created an eyesore and disruption, which left the remainder of the building at risk.”
He continues: “It is very important to us that we both reinstate the character of the listed building and regenerate an important gateway site for the town.
“The ground floor apartment at Stewart’s Place will have its own door in the same location as the original door before the wall collapsed; with steps leading up to the front door as before.”
Chairman of Holywood Conservation Group, Larry Thompson, stated: “We were naturally concerned after the collapse that an important building within the Holywood Conservation Area could be lost. We welcome the open and constructive approach the developers have taken to secure the safety and future of this listed building. We will look forward to the redevelopment of the site, and we will continue to work with them to ensure the original character of the listed building is reinstated.”
Lacuna is developing various projects in Belfast including student accommodation on the Dublin Road, a joint venture with Welsh property firm Watkin Jones.