Starting on site: Colegate, Norwich

Alan Christie
Feb 7 · 2 min read

One of our partners, Roberto Martinez, first came across this site in Norwich a couple of years ago. It took us a long time to come to an agreement with the vendor and actually get the ball rolling.

But 2019 is bringing great things for us (and I hope for you too!) and we are finally on site.

This is a conversion of a Bed and Breakfast in a listed building in Central Norwich into 6 serviced apartments and a coffee shop. As you can imagine, the works needed are few for this conversion and change of strategy, but the return on costs are over 50% and the GDV is £1.26M.

Our serviced apartments arm, Royal Oak Apartments, is ready to manage the units as soon as they’re ready, whether we hold them or sell the units to investors.

Here are a few “before” pictures of the site.

Now the “during” pictures.

Soon we’ll be showing you the “after” pictures. Stay tuned!

Development Discovery

Learning. Doing. Earning.

Alan Christie

Written by

Property Developer. Director of Development Discovery.

Development Discovery

Learning. Doing. Earning.

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