HERON HOUSE 49 Buckingham Street Aylesbury HP20 2LX Gross Area: 27,285 sq ft Net Area: 21,814 sq ft Development Value: £11m 51 Residential Units Current Planning Application for 5 roof extension units Current Planning Application for 29 side extension units A413 A418 A41 A41 A413 A418 Aylesbury is the county town of Buckinghamshire, England and administrative town of the Aylesbury Vale district in the Home Counties. Aylesbury was a major market town in Anglo-Saxon times and its population has grown from 28,000 in the 1960s to over 58,000 in 2011 and retains an attractive core of historic buildings, not far from Heron House. It retains a vibrant shopping centre. Heron House located in the town centre benefits from fantastic views over the surrounding area. This project has permission for 45 1 and 2 bedroom units on the upper floors (floors 1-5) and 6 units on the ground floor. A planning application for 5x1 bed flats at roof level has been submitted. Current planning application for 29 side extension units is being prepared. Location and Context A41 2 Bed 1 Bed Studios Access to car park Entrance Entrance stairs Wetroom en-suite Wetroom en-suite Wetroom en-suite sub-station Entrance Drawing not to scale Project www.suburbanstudios.co.uk Access to car park PROPOSED GROUND FLOOR PLAN Drawing Name SKETCH PROPOSED GROUND FLOOR PLAN FOR 6 FLATS Description COOMBE FARM, CR0 5HL 020-8654-2310 [email protected] Job No 240913 Date 27/11/2013 Drawing Number sk 010 Rev -- Scale 2B Studios 43 Sq.m 2B 43 Sq.m 2B 43 Sq.m Date 1:100@A3 Drawn: TOL Checked: DO NOT SCALE FROM THIS DRAWING: Any drawing errors or divergences should be brought to the attention of SubUrban Studios at the address shown. 1B 33 Sq.m 7 6 5 8 4 2 9 1B 32 Sq.m 3 1B 32 Sq.m 1B 32 Sq.m 1B 33 Sq.m 1 Revision Entrance Ground Floor Layout Entrance hall Suburban disabled access ramp lift Conversion to Residential Wetroom en-suite Entrance Wetroom en-suite STUDIO 33 Sq.m 1st - 5th Floor Layouts Drawing not to scale sub-station No 1 2 3 4 5 6 Unit G01 G02 G03 G04 G05 G06 Level 1 1 1 1 2 2 Beds 2 2 1 2 2 2 TOTAL No 25 26 27 28 29 30 31 32 33 Unit 301 302 303 304 305 306 307 308 309 TOTAL Level 4 4 4 4 4 4 4 4 4 Beds 1 1 1 1 1 1 1 1 1 sq m 53.7 64.7 56.5 62.5 64.9 67.7 sq tf 574.59 692.29 604.55 668.75 694.43 724.39 Av Sales Price £180,000 £180,000 £140,000 £180,000 £180,000 £180,000 370 3959 £1,040,000 sq m 32 32 32 33 33 32 43 43 43 323 sq tf 342.4 342.4 342.4 353.1 353.1 342.4 460.1 460.1 460.1 3456.1 Av Sales Price £110,000 £110,000 £110,000 £110,000 £110,000 £110,000 £140,000 £140,000 £140,000 £1,080,000 No 7 8 9 10 11 12 13 14 15 Unit 101 102 103 104 105 106 107 108 109 TOTAL Level 2 2 2 2 2 2 2 2 2 Beds 1 1 1 1 1 1 1 1 1 sq m 32 32 32 33 33 32 43 43 43 323 sq tf 342.4 342.4 342.4 353.1 353.1 342.4 460.1 460.1 460.1 3456.1 Av Sales Price £110,000 £110,000 £110,000 £110,000 £110,000 £110,000 £140,000 £140,000 £140,000 £1,080,000 No 16 17 18 19 20 21 22 23 24 Unit 201 202 203 204 205 206 207 208 209 TOTAL Level 3 3 3 3 3 3 3 3 3 Beds 1 1 1 1 1 1 1 1 1 sq m 32 32 32 33 33 32 43 43 43 323 sq tf 342.4 342.4 342.4 353.1 353.1 342.4 460.1 460.1 460.1 3456.1 Av Sales Price £110,000 £110,000 £110,000 £110,000 £110,000 £110,000 £140,000 £140,000 £140,000 £1,080,000 No 34 35 36 37 38 39 40 41 42 Unit 401 402 403 404 405 406 407 408 409 TOTAL Level 5 5 5 5 5 5 5 5 5 Beds 1 1 1 1 1 1 1 1 1 sq m 32 32 32 33 33 32 43 43 43 323 sq tf 342.4 342.4 342.4 353.1 353.1 342.4 460.1 460.1 460.1 3456.1 Av Sales Price £110,000 £110,000 £110,000 £110,000 £110,000 £110,000 £140,000 £140,000 £140,000 £1,080,000 No 43 44 45 46 47 48 49 50 51 Unit 501 502 503 504 505 506 507 508 509 TOTAL Level 6 6 6 6 6 6 6 6 6 Beds 1 1 1 1 1 1 1 1 1 sq m 32 32 32 33 33 32 43 43 43 323 sq tf 342.4 342.4 342.4 353.1 353.1 342.4 460.1 460.1 460.1 3456.1 Av Sales Price £110,000 £110,000 £110,000 £110,000 £110,000 £110,000 £140,000 £140,000 £140,000 £1,080,000 net sq m net sq ft GDV 1985 21240 £6,440,000 as approved TOTAL No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Unit 101 102 103 104 105 106 107 108 109 110 201 202 203 204 TOTAL Level 1 1 1 1 1 1 1 1 1 1 2 2 2 2 PROPOSED EXTENSION Beds sq m sq tf 2 61 652.7 2 59 631.3 1 44 470.8 2 61 652.7 1 44 470.8 1 43 460.1 1 44 470.8 1 44 470.8 1 46 492.2 1 46 492.2 2 61 652.7 2 59 631.3 1 44 470.8 2 61 652.7 492 5264.4 Av Sales Price £180,000 £180,000 £140,000 £180,000 £140,000 £140,000 £140,000 £140,000 £140,000 £140,000 £180,000 £180,000 £140,000 £180,000 £1,520,000 No 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Unit 205 206 207 208 209 210 301 302 303 304 305 306 307 401 402 TOTAL Level 2 2 2 2 2 2 3 3 3 3 3 3 3 4 4 PROPOSED EXTENSION Beds sq m sq tf 1 44 470.8 1 43 460.1 1 44 470.8 1 44 470.8 1 46 492.2 1 46 492.2 2 78 834.6 1 63 674.1 1 59 631.3 1 45 481.5 1 58 620.6 1 45 481.5 1 45 481.5 2 59 631.3 2 68 727.6 526 5628.2 Av Sales Price £140,000 £140,000 £140,000 £140,000 £140,000 £140,000 £180,000 £180,000 £180,000 £140,000 £180,000 £140,000 £140,000 £180,000 £180,000 £1,560,000 No 1 2 3 4 5 Unit 601 602 603 604 605 TOTAL TOTAL NB: The above schedule of areas was generated for the design and build tender documentation and is therefore subject to change. Level 6 6 6 6 6 PROPOSED ROOF EXTENSION Beds sq m sq tf 1 35 374.5 1 45 481.5 1 46 492.2 1 46 492.2 1 45 481.5 217 2321.9 net sq m net sq ft GDV 1235 13215 £3,960,000 Approved with side and roof extensions TOTAL Av Sales Price £160,000 £180,000 £180,000 £180,000 £180,000 £880,000 GDV £10,400,000 Schedule of Accommodation AS APPROVED BELLA PROPERTY SOLUTIONS Heron House, Aylesbury Office -> Residential Conversion £ Income £ Sales Studio 1 bed units 2 bed units 30 @ 15 @ 6 @ 105,000 148,000 178,000 3,150,000 2,220,000 1,068,000 6,438,000 £ Costs £ Residential Sales (as marketing information) Land (purchase pirce) Associated Fees & Stamp Duty 5% 2,200,000 110,000 2,310,000 Professional Fees Pre-Contract Design Informaion Architectural to D+/E as Suburban Studios quote Structural as quote from Hardman Engineers M&E as quote from Dowling Blunt Site Investigations & Miscellaneous Fees Building Regs Planning Fees Asbestos Miscellaneous Project Management Employers Agent, QS & CDM-c as BPS quote Post Contract D&B Fees Architectural as Suburban Studios quote Structural as quote from Hardman Engineers M&E as quote from Dowling Blunt 25,000 13,600 18,633 6,000 2,000 750 3,000 30,000 20,000 3,400 7,384 130,000 Construction Costs Construction Costs (self build) 2,269,000 Contingency Contingency @ 5% 113,000 2,382,000 On-Cost Sales Costs Costs of sales & Marketing @ 1.2% Finance Charges Finance Charges @ 9% of 90% of GDV for 6 avg. 6 months @ full value construction costs TOTAL INCOME TOTAL EXPENDITURE 6,438,000 PROFIT 1,326,290 excl. 289,710 289,710 5,111,710 Profit on Cost Profit on Income 25.95% 20.60% Development Appraisal DEVELOPMENT SUMMARY - May 2014
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