AN iconic North-East building which featured in a Sky TV show will be converted into holiday accommodation.

The Grade-II listed building in Alnwick previously housed the Dickinson’s of Alnwick furniture store from the early 19th century.

It then found fame in 2019 as the filming location for the fictitious Bank of Northumbria in the popular Sky One series The Heist – which saw nine ordinary members of the public plan an audacious Hatton Garden-style bank job to steal £1m.

Now Northumbria Property Developments Ltd has secured a £650,000 investment by FW Capital, which manages the North East Property Fund, for the redevelopment of the disused building into seven two-bedroom apartments, to be used as holiday lets, with commercial space on the ground floor.

Developers say the work will be of the highest quality and retain as many original features as possible.

The North East Property Fund was established with the aim of supporting the development of small-scale property schemes and is backed by Santander and the North East Local Enterprise Partnership (LEP).

It offers loans from £250,000 up to £1m for residential and non-speculative commercial developments in Tyne and Wear, Northumberland and County Durham. The Fund can provide up to 100 per cent of build costs for suitable schemes with repayment terms available up to two years.

Robin Cairns, Northumbria Property Developments Ltd director, said: “This development will breathe new life into an important local building and help revitalise Alnwick by providing much-sought after holiday accommodation and new retail space.

“We are a local company and the North East Property Fund is an ideal source of investment for local developers such as ourselves and we are delighted to have FW Capital as our funding partner for this project.”

Tony Cullen, investment executive at FW Capital, said: “This investment has facilitated the development of seven new apartments and ground floor retail space. This will bring people and jobs to the centre of Alnwick and help boost the local economy.

“The North East Property Fund is designed to provide the finance needed to facilitate small-scale developments like this. Given the great location and history of this prominent building, we are sure the scheme will prove very popular.”

Andrew Moffat CBE, Chair of the Investment Board at the North East LEP, said: “Seeing a landmark building transformed for the future is exactly what the North East Property Fund is there to do in terms of supporting local construction projects and creating new jobs. Hopefully the success of Northumbria Property Developments will encourage other small and medium-sized construction and property development companies to follow suit and apply.”