TRACK RECORD
Development projects that we have funded over recent years
Proudly Funded Or Built
ST MICHAEL'S HOUSE
St Michael's House is situated in the idyllic location of Braintree, Essex. The town and its surrounding areas offer great links to London and a wide variety of entertainment.
BRAINTREE
Purchase price
Development costs
Total
GDV
£475,000
£498,000
£973,000
£1,700,000
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COMPLETE
No. of Units
7+2
Uplift
75%
Contractor
HJC
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
GDV
£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
GDV
£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
