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.

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HJ Collection is working with Northern construction partner, Empire Property Concepts, capitalising on Government 'permitted development' schemes in prime Northern locations.

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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)

OCTOBER UPDATE

• Full strip out is complete

• First fix has begun

• Metsec partition walls & plasterboard progressing well on all floors

• Commenced forming Metsec ceilings

• Scaffolding erected to one elevation of the inner courtyard area

• Build is on schedule