15-19 Downham Way

Downham

A former NatWest premises, the property featured extensive upper parts which would be suitable for conversion to residential.

Once planning consent for the conversion of the upper parts was secured, the residential refurbishment was duly undertaken.

Through its retail agency contacts, BHP was aware of a number of betting shop requirements for Downham given its demographics.

 

STRENGTHS

  • Extensive upper parts
  • Upper parts already separately accessed
  • On site parking

OPPORTUNITIES

  • To undertake the refurbishment of the residential apartments separately to the retail

WEAKNESSES

  • Apartments of limited value
  • No ability to increase the massing

Threats

  • Downham residential values had limited scope for improvement
  • The quality of buyer was likely to lead to significant false starts in residential sales