IN PARTNERSHIP WITH
Development Background
The District is co-living development for young working professionals.
Strategy
The strategy was to obtain planning permission to change of use into Sui Generis (Large HMO) and build a two-storey extension to the rear in the car park. Thereafter rent out the rooms on AST’s and retain via a commercial mortgage.
Outcome
Planning was subsequently granted for a 26 ensuite bed large scale HMO with 4 shared living spaces, a lounge, gym, cinema room, and landscaped gardens.
All 26 rooms are let via AST’s with a commercial mortgage in place.
Further Information
Learn a bit more about how our system works. If you have a question, take a look at our Frequently Asked Questions (FAQs) to see if you can get the answer you're looking for.
JaeVee is a trading name of Estateducation Ventures Ltd, registered in England & Wales with company number 10172481.
The registered office of the company is Studio 9 Netherconesford, 93-95 King Street, Norwich, NR1 1PW.
Estateducation Ventures Ltd (10172481) undertakes both regulated and unregulated business. Business activities described in the ‘Invest’ section of this website are considered regulated business. All other sections are considered unregulated. Note that senior debt and mezzanine finance is arranged by Teal Finance Ltd (registered in England and Wales no. 11305739), which is authorised and regulated by the Financial Conduct Authority (No. 923626).
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