Property purchase, Dymock
Borrower adding to their large portfolio with a 17th century property...
An experienced property developer with an interest for architecture heritage and originality, has a large portfolio adding this property purchase in Dymock to carry out internal refurbishment. He has a list of properties in London, Bedfordshire, Ledbury and Gloucestershire, so theres an extensive amount of experience with minimal internal modernisation works being done.
Amount Funded:
£1.1m
PRoduct type:
Residential Bridging
Term:
12 months
property:
Grade II listed country house
exit:
Refinance
Experience meets 17th century architecture...
The borrower is an experienced developer with an interest for architecture heritage and originality. He has a list of properties in London, Bedfordshire, Ledbury and Gloucestershire, so theres an extensive amount of experience with works being minimal internal modernisation. Boyce Court is a grand Grade 2 listed country house with a large attached ancillary wing coupled with an original farm yard, set in beautiful west Gloucestershire countryside. It is believed to date back to the 17th Century and has Georgian architecture sporting dressed Ashlar stone under pitched slate roofs. A more modern and smaller two storey wing has replaced a former substantial 19th century western wing. There is also a further substantial rear wing, “Cedarville” of a similar age to the principal house with exposed Flemish Bond brickwork.
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Amount funded
£1.6m
PRoduct type:
Commercial Bridging
term
7 months
property:
Commercial office
exit:
Refinance
Commercial Bridging
The funding supported the acquisition of a strategically located semi-commercial asset in Birmingham, giving the borrower the flexibility and speed required to purchase the property prior to setting up development finance to undertake the proposed conversion works. The borrower plans to transform a former office building into a high-quality residential block of flats comprising 75 apartments, including 42 x 1-bedroom and 33 x 2-bedroom units. Full planning permission has already been obtained before completion, enabling the borrower to move forward with the next phase of the project.
