A pre existing client expressed interest in expanding his portfolio.
Following detailed discussion we sourced and identified an off market property for him within a prime location for students or working professionals.
Subsequent consultation with the vendors led to a secured sale on his behalf and Campus managed the sale process to its successful conclusion.
During this time we also undertook several site visits with the client and discussed and identified a bespoke refurbishment project to maximise the space and earning potential within the property.
This plan comprised converting a 3 bedroom terraced home into 5 contemporary studio apartments.
Our sister company Full Circle Projects undertook the conversion works and the property was advertised off plan by our professional lettings team to enter the student rotation in 2017.
All 5 rooms were successfully pre – reserved prior to completion and full occupancy commenced as of September 2017.
The initial outlay was £70,000 followed by £55,000 refurbishment costs.
The property is let at a gross annual rent of 23,000 offering an impressive 18% plus gross yield.
CASE STUDY 2
We were approached by a new client to provide a valuation of his commercial premises.
Following inspection and discussion with the client we identified the strongest potential identity for the building and advised him accordingly.
We assisted the client through the planning and building control process while advising on a successful strategy to maximise his returns by incorporating En-Suites into each unit.
Our sister company full circle projects undertook the project and following a full conversion and renovation programme the property was advertised off plan as a 6 bedroomed house share offering ensuite units with one show unit incorporating a kitchenette .
The target market was for working professionals as we identified a demand for this in the relevant area.
All the safety and compliance works were completed and certificated by our team to be submitted as part of the HMO application process as per our advisory capacity.
The project is now nearing completion with 5 of the 6 units pre- reserved.
The conversion costs were £70,000 and the property will be let at £27,000 gross PA.
CASE STUDY 3
Our company identified a strong investment opportunity within a run down public house housed within the Town Centre.
Having identified a strong demand for private halls of residence due to the growing student population in the town the building was purchased at auction for …………
A full reconfiguration and renovation schedule was drawn up to offer a large 14 room student development over 2 floors , all with ensuite shower rooms and communal living /kitchen spaces.
This would leave the remaining ground floor and cellars vacant to house the company business premises in the future.
The project was complex and showcased our teams ability to maximise potential without compromising on standard while handling the necessary planning and building requirements.
The student aspect of the project was successfully completed and has run at full capacity for several years . The ground floor is now nearing completion and will house our growing business with the potential to sub divide the space allowing for an additional rental income.