April – Monthly Property Development Update
Here is a round-up of our latest developments and how they are progressing, with pictures available on the links below the descriptions.
HCD10 – Bollin Heights
Work is progressing on schedule and the show apartment is now complete and looks great.
We have applied for planning permission for phase 2, and expect a positive decision on 8th May as it is not contentious.
Sales proceeds are now £300,000 over what was anticipated.
HCD5 – Bank Chambers
Work is now well underway and proceeding apace. The conservation officer has signed off on all works for the top two floors. Discussions regarding the extra apartments on the ground floor are ongoing.
HCD4 – Gratrix Park
This development is progressing well with no issues. Sales are strong with 12 units reserved, and we have increased prices slightly.
HCD3 – The Woodlands
Work has now started after all the council’s issues have been resolved. We are working to get the show home and on-site sales office built ASAP to aid sales. Although the start of works has been significantly delayed, the contractors should be able to make up most of the time lost and will do so once enough confirmed sales have been made.
HCD2 – 10 Congleton Road, Alderley Edge
Work is proceeding apace with no problems. We will be raising money for the final stage next month (May 2017).
HCD1 – Regent St
Unfortunately, the expected bulk sale fell through. We have changed agents and improved marketing and have decided to drop the price in the hopes of attracting interest. There are no confirmed sales on the remaining 5 as yet, although there are various interested parties.
HCP156 – 103 Station Road, Marple
The cellar and all other remedial works have now been completed and the property will be going back on the market ASAP. The cellar is now a habitable space.
HCD7 – Brundred Farm
Following the rejection of our planning application despite the planners recommending it, our purchase option has been extended for 8 months. The planning appeal is being prepared and will be submitted imminently.
Don’t forget, if you need any help with the investment process, you can call our client account team on 0161 667 4264.