Project Overview:
Welcome to Olympus Developments latest venture – an exciting building project that promises to transform a part-dilapidated three-storey structure into modern and attractive self-contained residential units. Acquired for £1,200,000, this modest proposal reflects our commitment to revitalizing existing spaces, creating valuable living opportunities, and contributing positively to the local community.
Apartment Distribution:
The distribution of residential units within the building is as follows:
Ground floor level: 2 studio apartments
First floor level: 1 one-bedroom apartment
Second floor level: 1 one-bedroom apartment
In total, the development will feature 4 distinct and thoughtfully designed apartments.
Financial Projection:
The projected Gross Development Value (GDV) of the completed project stands at an impressive £2.4 million, showcasing the potential for substantial returns on investment. With a budget of £600,000 allocated for the build cost, the project demonstrates a favourable cost-to-value ratio, promising lucrative opportunities for all stakeholders involved. There will be a projection of £600,000 profit for this development.
Key Features:
Energy efficiency
Modern and stylish architectural design
Efficient utilization of space and resources
High-quality construction materials and finishes
To read the full project brief and proposal, click here.