A Prestigious Commercial to Residential Conversion Project to create 235 High-Spec Apartments and Associated Communal Spaces
YKG were appointed to assist in the conversion of the former Impact House, Croydon, to create the Innova Apartments – a mix of 1-4 bedroom, high-spec apartments and associated front reception, lobby, gym, and roof garden, without disturbing the ongoing works of the commercial properties on the ground floor.
The project included the replacement of the existing façade, replacement of all fenestrations, and the internal fit-out of the full 16 storeys.
This project reached practical completion in April 2019.
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
197
£736
£273,644
£355,750
£76,819,460
£54,127,307
£22,692,153
41.92%
28 months
£8,400,000
235
£831
£309,950
£437,006
£88,851,559
£69,143,051
£19,708,508
28.50%
29 months
£4,337,000
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