- Joint Venture Investments
- Property Portfolio
- Wymondham, Norfolk, NR18
Number 10 The Abbey -
Wymondham, Norfolk, NR18
In partnership with
Development Background
No 10 The Abbey was a conversion of a former hotel (C1 use class) into a block of 20 serviced apartments with an onsite concierge and gym.
Strategy
The strategy was to convert the building into serviced apartments, establish a trading history and then retain via a commercial mortgage.
Outcome
No 10 The Abbey has now been open since November 2017 so benefits from 3 years trading history. It generates an average annual gross income of £300,000 with the exit strategy being disposing of the asset and trading business once it possesses 5 years trading history.
Further Information
This page has been prepared and published by Number 10 The Abbey
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