EPH3 Investment Profile
Development 1 - The Coachman Hotel, Darlington
The Coachman was a hotel until it closed in 2015. It was built around 1880 and is a semi-detached 3 storey building which still retains some of its original features. It is situated at the entrance to Darlington Railway Station and minutes’ walk to Darlington Town Centre.
- £390,000 - Purchase price
- £1,365,000 - Development cost
- £1,755,000 - Total
- £273,780 - Income (39 x £135 rent x 52 weeks)
- £3,442,250 - Value (Income / 0.08)
Darlington is a large market town in County Durham. It has excellent transport links by way of the A1 and the East Coast Mainline. Newcastle can be reached by train in 29 minutes and London in 2 hours 23 minutes. There are also plans to upgrade the train station to make it ready for HS2.
Development 2 - Springfield House, Barnsley
Springfield House dates back to 1961 and still retains some original features. It is set over three floors and is situated in a leafy residential area only 0.6 miles from Barnsley Town Centre and 1 mile from the M1.
- 80 One/two bed apartments
- £1,000,000 - Purchase price
- £2,800,000 - Development cost
- £3,800,000 – Total
- £561,600 - Income (80 x £135 rent x 52 weeks)
- £7,020,000 - Value (Income / 0.08)
Barnsley is a large town in South Yorkshire located half way between Leeds and Sheffield with good access to the motorway networks of the M1, A1 and M62. It is also close to the Peak District. It is a town rich in history with an abundance of attractions such as stately homes, museums and art galleries and shopping opportunities by way of the independent shops and market.
Development 3 - Society House, West Bromwich
Society House is an iconic office building, formerly occupied by West Bromwich Building Society as their Headquarters and at the heart of a £1billion regeneration programme, 1 mile from Junction 1 of the M5.
Excellent communication links to the national motorway network via the nearby M5 will be further enhanced with the completion of the underpass scheme at the nearby All Saints junction.
The finished development will comprise 120 one and two bedroom apartments with a total of 111 on site secure car parking spaces.
- £3,000,000 - Purchase price
- £4,000,000 - Development cost
- £7,000,000 - Total
- £873,600 - Income (120 x £140.00 x 52)
- £10,920,000 - Value (Income / 0.08)
Development 4 - Coming Soon
Development 4 will be coming soon.