June 2017 – Monthly Property Development Update

Here is the June 2017 round-up of our current developments and how they are progressing with accompanying build photos.

HCD1 – Regent Street

We have sold two more houses, so four are now proceeding to exchange with one unit left to sell. We also have potential interest in the remaining house from two parties.

HCD2 – No. 10 Alderley Edge

Excellent news as we have now been granted planning permission on four apartments along with payment of all costs incurred in the appeal process.  The development is continuing to progress in all other ways.

HCP156 – Station Road, Marple

All additional works have now been completed on this lovely house. Julian Wadden Estate Agents have uploaded the property details to Right Move and other property sites.  Several viewings have taken place but no offers as yet.

We have organised for the watering of the grass when there are dry spells and the lawns to be cut regularly to keep it looking pristine.  We are also constantly nipping into the house to change flowers in vases and keep it fresh for viewings. Other than that this is in the hands of the agents now – there is nothing more we can do and have to sit and wait for an interested buyer – fingers and toes crossed.

HCD3 – Woodlands

We have had to switch contractors as the one appointed (due to personal financial difficulties) had stopped paying his builders. There is no liability attached to us for this, but it has caused a delay of a couple of weeks.  Work is now progressing on the site again, and there is moderate interest from buyers which we do not expect to increase until the show home is finished.

HCD4 – Gratrix Park

Work is progressing on schedule with no issues to report.

HCD5 – Bank Chambers

The roof is leaking and needs to be repaired so we are costing this out at present. We are also still dealing with planning permission to convert the lower floor – sadly these things are never quick or easy to progress.

Fortunately the ground floor conversion does not impact on progress on the rest of the building.  The area around this building continues to improve with one of the best restaurants in the Manchester area having opened up recently just around the corner – “Where the Light Gets In”, which recently received rave reviews in the Guardian, and is seriously worth a visit if you are in the area.

HCD7 – Brundred Farm, Prestbury

This is still in planning appeal stage. We are more confident of success after the success of the appeal with No 10 Alderley Edge.

HCD10 – Bollin Heights

Apartments 1-4 are almost 90% complete on the build.  The doors are taking a little longer as they are made to measure doors.  The show apartment is completed and ready for viewings. There are some issues with obtaining bricklayers (which is an industry-wide problem) and this is slowing matters down a little.

Don’t forget, if you need any help with the investment process, or have any questions, you can call our client account team, Nigel or Damian, on 0161 667 4264, or email them on: [email protected]

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