3 Station Road, Borough Green, Kent, TN158ER
Property Investment Information
THE OPPORTUNITY
Project Summary - Commercial building conversion into 6 apartmentsShare Price - £1,000
Raise Amount - £80,000
Number of Shares Issued - 80
Projected Return on Investment - 20.6%
Expected Completion Date - September 2019
THE PROJECT
3 Station Road is a freehold office building. It is 3 storeys of brick construction below a mansard style roof. There is a rear parking area with 8 car spaces.
The property has lapsed planning permission for conversion from class B1a to C3 residential. Following changes to the law in 2013, the building’s change of use is now enabled via permitted development rights.
We shall not require a full planning application. A prior notification will be served on Tonbridge and Malling council when the plans have finalised, who, based on initial conversations, will look favourably on the change of use. Approval is expected within 56 days of application.
We intend to convert the building to 6 x 1-bedroom apartments. There is potential to extend the building at the rear, create larger apartments and generate more value in the project.
LEARN WHILST INVESTING
The property has lapsed planning permission for conversion from class B1a to C3 residential. Following changes to the law in 2013, the building’s change of use is now enabled via permitted development rights.
We shall not require a full planning application. A prior notification will be served on Tonbridge and Malling council when the plans have finalised, who, based on initial conversations, will look favourably on the change of use. Approval is expected within 56 days of application.
We intend to convert the building to 6 x 1-bedroom apartments. There is potential to extend the building at the rear, create larger apartments and generate more value in the project.
LEARN WHILST INVESTING
This project offers a learning element. The developers will be hosting site visits and webinars and will be providing monthly updates as the project progresses. This is an opportunity to learn about converting commercial space into multiple residential units.
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Note, you need to have completed the full registration process to access this information.
Note, you need to have completed the full registration process to access this information.
To access project information, please Login to your account. If you do not have an account, Register Here.
Note, you need to have completed the full registration process to access this information.
Note, you need to have completed the full registration process to access this information.
To access project information, please Login to your account. If you do not have an account, Register Here.
Note, you need to have completed the full registration process to access this information.
Note, you need to have completed the full registration process to access this information.
To access project information, please Login to your account. If you do not have an account, Register Here.
Note, you need to have completed the full registration process to access this information.
Note, you need to have completed the full registration process to access this information.
Commercial to Residential Conversion
3 Station Road, Borough Green, Kent, TN158ER
£93,000
of £80k
28
Current Investors
116.25% Funded
0 hour left to fund
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