EPH2 Investment Profile

0817 Halifax House Blackwall Halifax Cgi03
Halifax House

Development 2 - Halifax House

A commercial to residential conversion via full planning permission which will create 65 one bedroom & two bedroom apartments. The development will provide private letting accommodation in a prime location with parking.

  • £1,250,000 - Purchase
  • £2,275,000 - Development
  • £3,525,000 - Total Cost
  • £456,300 - Income (65 x £135 x 52)
  • £5,700,000 - Value based on 8% yield
0793 The Globe Works Bolton Exterior Cgi01 Rev Bprint1
Globe Works

Development 1 - Globe Works

A former mill to residential conversion via full planning permission, which will create 24 one bedroom, 90 two bedroom & 10 three bedroom apartments.

  • £1,700,000 - Purchase Price
  • £6,200,000 - Development Cost (124 x £50K)
  • £7,900,000 - Total Cost
  • £1,024,800 - Income (24 x £600 x 12) + (90 x £700 x 12) + (10 x £800 x 12)
  • £12,800,000 - Valuation based on 8% yield
  • £8,960,000 - Refinance exit (70% LTV)