TRACK RECORD
Development projects that we have funded over recent years
Proudly Funded Or Built
YORKSHIRE HOUSE
Conversion to 17 new 1-Bedroom and 2 new 2-Bedroom apartments, and 4 commercial units under Permitted Development Rights.
BARNSLEY
Purchase price
Development costs
Total
Residential income
Valuation
£850,000
£550,000
£1,400,000
£172,095 pa
£2,200,000
COMPLETE
No. of Units
19
Uplift
57%
Contractor
HJC
82 CLEVELAND ST
A development that contains 14 one-bedroom apartments on the upper floors and two modernised commercial units on the ground floor.
DONCASTER
Purchase price
Development costs
Total
Residential income
Commercial income
Valuation (based on 8% yield)
£670,000
£420,000
£1,100,000
£110,020 pa
TBC
£1, 400, 000
COMPLETE
No. of Units
14
Uplift
27%
Contractor
HJC
SOCIETY HOUSE
A development that comprises of 105 one and two-bedroom apartments with a total of 111 on-site secure car parking spaces.
WEST BROMWICH
Purchase price
Development costs
Total
Residential income
£3,000,000
£4,000,000
£7,000,000
£873,600 pa (105 x £140 x 52)
FUNDED
No. of Units
120
Uplift
56%
Contractor
Empire
COACHMAN HOTEL
Creation of 39 one-bedroom apartments and studios in the Coachman Hotel building.
DARLINGTON
Purchase price
Development costs
Total
Residential income
£390,000
£1,365,000
£1,755,000
£273,780 pa (39 x £135 x 52)
FUNDED
No. of Units
39
Uplift
96%
Contractor
Empire
HALIFAX HOUSE
A commercial to residential conversion via full planning permission creating 65 one-bedroom & two-bedroom apartments.
HALIFAX
Purchase price
Development costs
Total
Residential income
£1,250,000
£2,275,000
£3,525,000
£456,300 pa (65 x £135 x 52)
FUNDED
No. of Units
65
Uplift
61%
Contractor
Empire
GLOBE WORKS
A former mill to residential conversion with 24 one-bedroom, 90 two-bedroom & 10 three-bedroom apartments.
BOLTON
Purchase price
Development costs
Total
Residential income
£1,700,000
£6,200,000 (124 x £50,000)
£7,900,000
£1,024,800 pa (24 x £600 x 12) + (90 x £700 x 12) + (10 x £800 x 12)
FUNDED
No. of Units
124
Uplift
62%
Contractor
Empire
NEWSPAPER HOUSE
Conversion to 66 self-contained apartments with car parking under full planning permission.
BLACKBURN
Purchase price
Development costs
Total
Residential income
£850,000
£2,640,000 (66 x £40,000)
£3,490,000
£429,000 pa (66 x £125 x 52)
FUNDED
No. of Units
66
Uplift
54%
Contractor
Empire
NEW COMMERCE
A Permitted Development Rights conversion to 29 self-contained apartments using the permitted development right which allows conversion of offices to accommodation.
WAKEFIELD
Purchase price
Development costs
Total
Residential income
£370,000
£928,000 (29 x £32,000)
£1,298,000
£188,500 pa (29 x £125 x 52
FUNDED
No. of Units
29
Uplift
82%
Contractor
Empire
KING CHARLES
Conversion to 62 self-contained apartments under permitted development rights.
PONTEFRACT
Purchase price
Development costs
Total
Residential income
£600,000
£2,108,000 (62 x £34,000)
£2,708,000
£483,600 pa (62 x £150 x 52)
FUNDED
No. of Units
62
Uplift
123%
Contractor
Empire
THORNHILL ST
Conversion to 16 self-contained apartments under full planning permission.
WAKEFIELD
Purchase price
Development costs
Total
Residential income
Commercial income
£900,000
£480,000 (16 x £30,000)
£1,380,000
£112,320 pa (16 x £135 x 52)
£50,000
FUNDED
No. of Units
16
Uplift
47%
Contractor
Empire
63 BRADSHAWGATE
Conversion to 81 self-contained apartments with ground floor retained as a commercial unit, under full planning permission.
BOLTON
Purchase price
Development costs
Total
Residential income
Commercial income
£850,000
£2,592,000 (81 x £32,000)
£3,442,000
£589,680 pa (81 x £140 x 52)
£30,000
