Developer Highland Housing Alliance (HHA) has completed the regeneration of Merchant House on Castle Street, Inverness, creating eight flats and new commercial space in the city.
Forming part of the 18th Century Castle Street frontage, with views overlooking Inverness Castle, the B-listed building had run into a state of disrepair in recent years.
It had become an eyesore for the local community.
The site has been transformed into a mix of one and two-bedroom flats, complete with a 1,000sq ft commercial unit on the ground floor which will be owned and leased by HHA.
Helped by a £1.2 million Scottish Government Partnership Support for Regeneration grant, private finance and City Region Deal funding, HHA worked with contractor Compass Building & Construction Services to ensure as much of the original building was retained as possible.
The existing building facade was removed and rebuilt stone by stone deliver a result which mirrors the property’s original character, while using existing materials.
A communal courtyard has also been revived, creating a private garden for new tenants.
We have rejuvenated the building’s original characteristics to create a new destination for people to live.”
Gail Matheson, chief executive, HHA.
HHA chief executive Gail Matheson said: “The restoration of the iconic Castle Street building marks a significant milestone for HHA.
“Not only is it another building we have restored to its former glory but the first time we have secured Partnership Support for Regeneration funding from the Scottish Government.
“Alongside project partners, we have rejuvenated the building’s original characteristics to create a new destination for people to live, aligning with Highland Council’s Inverness City Vision roadmap to strengthen the city centre.
“Ensuring there is a strong pipeline of high-quality homes across Highland communities is paramount to ensure it (the region) remains an attractive destination for businesses and workforces alike.”
She added: “We are looking forward to expanding our portfolio of properties across the north of Scotland, and that will include both private and mid-market rent schemes.”
The flats include seven one-bedroom flats and a two-bedroom penthouse apartment.
Housing secretary Shona Robison said: “It’s fantastic to see these homes complete and the restoration of this iconic Castle Street building.
“I pay credit to all those involved for the major work undertaken to deliver this development, while preserving the character and history associated with the building and its location in the city.
“Supported by £1.2m of Scottish Government funding, these flats will support the local community and make a real and lasting difference to the lives of the new residents.”
110,000 affordable homes by 2032
The government has delivered 111,750 affordable homes since 2007, with more than 78,000 for social rent, Ms Robison said.
Holyrood is “delivering against our commitment” of 110,000 affordable homes by 2032, of which at least 70% will be for social rent and 10% in remote, rural and island communities, she added.
HHA is a not-for-profit development company which works with a range of private and public sector partners to deliver homes across the Highlands. It also provides a management service to its tenants.
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