Grade II listed building Silvester House will be brought back into full use thanks to a grant from the Levelling Up fund.
Half of the building in The Maltings is currently in use, but investment from Bud Properties Ltd and the grant will see a full renovation of its empty eastern side.
This part of the building will be subsequently fitted out as 14 one and two bedroom apartments.
The works, valued at more than £400,000, will see new electrics and plumbing installed, alongside new kitchens, windows, flooring and decoration. New internal alterations and partitions will also be added.
Councillor Paul Drake-Davis, portfolio holder for regeneration, said: “This renovation is great news for this area of the city centre, rich in stunning architecture.
“These grants from the government’s Levelling Up Fund are really helping to enhance the city centre’s offer to residents and visitors alike and it’s great to see another building being brought back into full use.” Work will begin on the renovations in the coming weeks.
