Asset development & Repurposing
Folkestone Kent
The site
Large 7 storey office building in the center of a busy London commuter town. Suitable for conversion to 135 units of residential accommodation under permitted development rules.
Finance
Total Costing excluding finance
Finance costings are included by way of example but will not be relevant
Total Costing excluding finance £17,401,141
Total Costing excluding finance £23,780,925
Asset Disposal
Completed Project profit £6,379,784 or 37.7% return.
Asset Disposal
Completed Project profit £4,813,175 or 43.4% return
£1,086,156 paAsset Retention
72 One bed apartment @ £700 pcm total £604,800 pa
72 One bed apartment @ £356,400 pa
Total rental return £961,200 pa or 5.5% yield
Valuation in 2025 on current forecasts
Assuming conservative estimates of 20% house price inflation and 13% rental inflation
Total Asset Value £28,537,110
Total Rental return £1,086,156 pa pa or 6.2% yield
Case studies
The following are summary sheets of three currently available.
Redevelopment
Asset development
