CROWN BUILDINGS
Crown Buildings is situated in St Helens, a large town in Merseyside. The building is just off the town centre and only 30 minutes by train to the centre of Liverpool.
HJ Collection is working with Northern construction partner, Empire Property Concepts, capitalising on Government 'permitted development' schemes in prime Northern locations.
A former local tax office that has been left empty for years. This site provides 55 one, and two-bed apartments finished to a high standard within the existing building space. It also includes the potential to add a further 57 new apartments to the scheme subject to planning, the end product could provide 112 new homes when complete.
The new build potential will add 57 one-bed apartments to the scheme, taking the residential figure to 112 high-end units available to rent in the town centre.
£1.74m
Purchase price
£5.5m
Development costs
£7.24m
Total project costs
£10.95m
Valuation (8% yield)
UPDATE
-
Metsec partition walls to form bedrooms & ceilings near completion
-
Plasterboard 1st fix to walls
-
1st fix electrics commenced
-
Drainage to ground floor area complete
-
1st fix plumbing & mechanical works 65% complete
Scheduled works to commence:
-
Obtain quotes to renew windows
-
Complete metsec wall/ceilings
-
Continue 1st fix M & E installation
-
Plasterboard 2nd fix
-
1st fix joinery
-
Provide & fix acoustic seals & fireproofing
