The District is co-living development for young working professionals.
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.
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.
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