Woking Surrey

Office to Residential Development

Office to residential scheme of 49 units, mixture of 1 and 2 beds units

Return: 10% preferred return, 50% profit share, 48% ROC

Carpe Diem Property raised a significant proportion of the equity on behalf of the developer.

Headline Figures:

Equity Required: £1.7M

Total Costs: £8.6M

GDV: £11M

Project Length: 18 months

Profit on cost: 22%

Project Details

Office to residential conversion
Kitchen with all mod cons
Relaxing Living Environment
MOdern Bathroom
MOdern communal areas

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