Project Overview:
Welcome to Legoff and Hare’s latest venture – an ambitious building project in Wigston, Leicester! This exciting proposal involves the conversion of a vacant USE (CLASS B8) four-to-two storey building into 27 modern and luxurious self-contained apartments for residential use.
The property, acquired at £650,000, is set to undergo a complete transformation, offering an attractive opportunity for both investors and future residents.
Apartment Breakdown:
The proposed development will consist of the following apartment types:
4 x 1-bedroom studio apartments
13 x 1-bedroom apartments
2 x 1-bedroom duplex apartments
8 x 2-bedroom apartments
Each apartment will be thoughtfully designed to maximize space, natural light, and functionality, ensuring an optimal living experience for the future occupants.
The development has been approved for an extra 3 apartments.
Financial Projections:
The projected Gross Development Value (GDV) of the completed project stands at an impressive £3.6 million, showcasing the potential for substantial returns on investment. With a budget of £1.2 million allocated for the build cost, the project demonstrates a favourable cost-to-value ratio, promising lucrative opportunities for all stakeholders involved.
Key Features:
Modern and stylish architectural design
Efficient utilization of space and resources
High-quality construction materials and finishes
Energy-efficient measures for sustainability
Landscaped communal areas for relaxation and socialization.
Convenient access to nearby amenities and public transportation
Compliance with building codes and regulations
To read the full Brief & Proposal, click here.