EPH Investment Profile

0792 Wilson House Wakefield Cgi02
Thornhill Street

Development 5 - Thornhill Street, Wakefield

The property comes with full planning consent to change the current use to 16 C3 apartments. The private lettings market is extremely strong in Wakefield & we expect to pre-let most of the units.

  • £900,000 - Purchase price      
  • £480,000 - Development cost (16 x £30,000)
  • £1,380,000 - Total
  • £112,320 - Income (16 x £135 x 52)    
  • £50,000 - Commercial income
  • £162,320 - Total income
0816 Newspaper House High Street Blackburn Cgi02 Rev B
Newspaper House

Development 4 - Newspaper House, Blackburn

A full planning application has been submitted to convert the building to 66 flats with car parking. The feedback we have received has been extremely positive & this will be the first apartment block in Blackburn.

  • £850,000 - Purchase price                    
  • £2,640,000 - Development (66 x £40k)
  • £3,490,000 - Total
  • £429,000 - Income (66 x £125 x 52)

We have also leased the rear warehouse back to the Lancashire Telegraph for one year, as this does not impact on the development itself.

0733 Bradshawgate Bolton Cgi03 Night Print
Bradshawgate

Development 3 - 63 Bradshawgate, Bolton

Full building conversion via full planning permission into 81 self - contained apartments for the rental market.

  • £850,000 - Purchase price
  • £2,592,000 - Development costs (81 x £32k)
  • £3,442,000 - Total
  • £589,680 - Income (81 x £140 x 52)
  • £30,000 - Commercial income 
  • £7,746,000 - Valuation based on 8% yield
0732 King Charles House Headlands Lane Pontefract Cgi01 Print 2
King Charles House

Development 2 - King Charles House, Pontefract

The building has been converted the to 62 self-contained apartments using the permitted development rights. The building is now fully let to private tenants.

  • £600,000 - Purchase price
  • £2,108,000 - Development costs (62 x £34k)
  • £2,708,000 - Total
  • £483,600 - Income (62 x 150 x 52)
  • £6,045,000 - Valuation based on 8% yield
0731 Commerce House168 Westgate Wakefield Cgi03 2
Commerce House

Development 1 - Commerce House, Wakefield

The building has been converted the to 29 self-contained apartments using the permitted development rights. The building is now fully let to private tenants.

  • £370,000 - Purchase price
  • £928,000 - Development costs: (29 x £32k)
  • £1,298,000 - Total cost
  • £188,500 - Income (29 x £125 x 52)
  • £2,356,000 - Valuation based on 8% yield