Previously used as a university hall of residence, the period property was more recently used as an HMO.
Unconditionally acquired by BHP, planning consent was obtained whilst maintaining income through the continued HMO use.
Upon successfully securing detailed planning consent, vacant possession was obtained and the property was comprehensively refurbished together with the construction of two additional dwellings all of which were sold by way of private treaty.
- Attractive period building
- Town centre location
- Income producing
- To increase massing through additional development on the site
- To procure apartments that had character and were not typical of new build product
- The period nature of the building dictated many flat layouts
- The building’s fabric needed significant renovation
- Currently used as an HMO
- VP was not guaranteed as some of the residents had leasehold protection
- Barratt Homes were planning a large scheme in the town
- Planning risk with particular regard to the Conservation officer