15-29 The Broadway

The acquisition and transformation of a vacant office complex into residential units and ground floor commercial space.

Details:

Residential Units
0
GDV
£ 0
Gross margin
0 %

A new mixed use development providing 78 one-bed, two-bed and studio flats above ground floor commercial space of 7,755 sq ft. Commercial space available with planning consent for A1, A2 and A3 use. Completion Winter 2020.

 

This new development comprises of three ground floor retail units with a substantial frontage to the Broardway, close to the junction with Queen’s Square, where occupiers include the renound Starbucks, Savers, Poundland, New Look, Metrobank & a 20000 sq ft flagship Decathlon. Surface car parks were proposed to the rear and opposite.

Permitted Development

Total Units

Unit Sale £psf

Avg Price of 1 Bed flat

Avg Price of 2 Bed flat

GDV

Gross Costs

Gross Profit

Gross Margin

Duration

Equity Investment

Initial

57 + 3 Commercial

£401

£213,809

£266,000

£15,136,750

£15,965,529

£2,653,517

21.26%

25 months

£1,250,000

Actual

78 + 3 Commercial

£395

£231,506

£291,506

£21,520,820

£16,900,000

£4,620,820

27%

27 months

£1,250,000

©2021 YKG Asset Management

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