Key Facts
City centre location established student tenants already in existence
- A commercial building part occupied.
- Located in the heart of affluent Linthorpe Town centre.
- Long term lease in place with Corals, Dance Studio and current Pub may continue for a short period to allow costs cover.
- Opportunity to convert 1st/2nd floors to student accommodation and keep the ground floor as Commercial.
- Timeframe 12months (subject to planning).
- Purchase price – £592,500
- Development cost – £1,111,835
- Total development cost - £1,704,335
- GDV – £2,200,958
- Development profit – £496,623
- Margin on GDV – 23%
- Margin on GDC – 29%