Affordable housing provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
Financial Viability Assessments
Rapleys was instructed by Bernard Construction UK LLP (the applicant) to prepare and submit a detailed Financial Viability Assessment (FVA) for the site with supporting information.
The scheme consists of 18 residential units (C3) and class D1 community floorspace together with associated cycle parking, landscaping, play space and amenity provision.
We provided detailed development advice and worked with the project team to confirm an affordable housing strategy. We considered sales values for both the proposed residential and commercial units and relevant build costs. We focused on maximising the benchmark land value in this case before agreeing an affordable housing strategy with the client and project team. We proposed and submitted a full FVA to the local authority for review.
We continued throughout the negotiation process to engage with the Local Authority and their consultant to ensure the client’s desired outcome was achieved within achievable timescales. Where necessary we sought advice from the project team and liaised closely with the cost consultants in this case. Further negotiations with the Local Authority and their consultants were necessary to achieve the client’s preferred tenure mix.
We achieved an affordable housing position in line with the client’s expectations and at the preferred tenure mix. We were able to assist in maximising the value of affordable housing that was secured through the s.106.
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Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Acquisition of a former public house, Godalming
Identified and acquired the site for Majestic Wine
Affordable Housing valuation for a mixed use scheme, Garratt Lane, Wandsworth
Development Consultancy advice to support a planning application for a mixed use scheme
London and Regional
Albert Island Redevelopment
Ropemaker Properties Limited
Alfa Laval Tower, Brentford
Assessed the financial viability of the scheme for a planning appeal
Orchard Street Investment Management
Altrincham Retail Park expansion
Secured planning permission via a Section 78 appeal
The Crown Estate
Application and Environmental Impact Assessment for land off Beavor Lane, Axminster
Planning application and EIA for for part of the east Axminster urban extension
The Arch Company
Providing a full suite of Building Consultancy services throughout the UK
London and Regional
Archers Spring, land North of Welwyn Road, Hertford
Instructed to to provide strategic land and planning application advice