Inside Poundland’s first ever block of flats: Bargain chain turns retailer into flats kitted out with its personal merchandise – however they will price you greater than a quid

Poundland has entered the property market and is advertising its first-ever block of flats.

For any fans of the chain looking to get on the ladder amid the housing crisis, there are four flats up for grabs.

The property sits above the store’s branch in Elgin, Moray, Scotland – the only store which Poundland owns – and has gone through an extensive six-year refurbishment.

The store’s life first started in 1856 as the Royal Bank of Scotland’s branch before becoming a temperance hotel.

Poundland acquired the store in 2009, however, the building had serious structural issues which meant it would need a reconstruction of its facade.

With the complex restoration taking its time, with it being interrupted by water leaks, a pandemic and an alleged arson attack, the building was finally brought up to standard. 

The store will reopen to the public this weekend. 

Poundland has entered the property market and is advertising its first ever block of flats.

For any fans of the chain looking to get on the ladder amid the housing crisis there are four flats up for grabs

The property sits above the store’s branch in Elgin, Moray, Scotland – the only store which Poundland owns – and has gone through an extensive six-year refurbishment

One of the buyers will be able to enjoy a fully kitted out flat with products from Poundland.

They were also painted in the brand’s colours of green and white to honour the hard work that went into making them.

Two of them are now on the market with a price tag of more than £85,000 each.

Alan Smallman, Poundland’s transformation director led the project to restore the building was delighted the store would open this weekend. 

He said: ‘Bringing the building back to life and restoring it to its former glory has been no easy task but we know how much this building means to the people of Elgin and Moray. 

‘We hope the love we’ve shown it will be a catalyst for more investment into Elgin and its high street. ‘I’d like to thank the whole team that’s helped bring us back home here in Elgin.’ 

Cllr Marc Macrae, Chair of Moray Council’s Economic Development and Infrastructure Services Committee said: ‘I add my congratulations to the Poundland team’s efforts in refurbishing an iconic Moray building and giving the centre of Elgin a much-welcomed boost. 

The store’s life first started in 1856 as the Royal Bank of Scotland’s branch before coming a temperance hotel

Poundland acquired the store in 2009, however the building had serious structural issues which would mean it would need a reconstruction of its facade

With the complex restoration taking its time as it was constantly being interrupted by water leaks, a pandemic and an alleged arson attack, the building was finally brought up to standard

Poundland has today put its first-ever apartments on sale on Rightmove

‘It’s especially heartening to see the store about to start trading again and hope the staff enjoy being back in their own building in the busy lead up to Christmas. ‘I’m sure there will be plenty of interest in the flats becoming available and it will be great to see more residential property being enjoyed in the town centre. 

‘There is much to be impressed about with this whole project from Poundland and I look forward to seeing further development work in the town centre to meet the aspirational aims we have for Moray.’ 

Gerry McAloon said ‘I simply cannot wait to be back open in our home on Elgin’s high street once more. The whole team will be ready on Saturday to show them our fantastic new store.’