Track record
Development of luxury flats, Bush Hill Park, Enfield
Argall Properties Ltd
Provided detailed development advice and an affordable housing strategy
Affordable Housing
Financial Viability Assessments
Service
£10m
Project value
Residential
Industry
Nick Fell
The project
We were instructed to provide an assessment of the economic viability of Argall Properties Ltd’s proposed redevelopment of a site currently occupied by three residential dwellings immediately adjacent to the entrance to Bush Hill Park golf club. The client was seeking to commute the affordable housing obligation off site.
The scheme involved the demolition of the existing buildings and development of 4 x 3 storey blocks of 20 self contained flats, with basement car park and landscaped gardens.
Our solution
We provided detailed development advice and worked with the project team to confirm an affordable housing strategy with the client. We considered appropriate sales values, build costs and benchmark land value. Upon agreeing the affordable housing strategy, we prepared and submitted a full viability report to the local authority.
We engaged with the Local Authority and their appointed viability consultant to negotiate the affordable housing and s.106 financial contributions. Upon agreeing the viability position, we then negotiated the conversion of the on-site units to a commuted off-site payment.
We achieved an affordable housing position in line with the client’s expectations and below that which the Local Authority originally sought.
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Key contacts
Gain national and local expertise through our multidisciplinary teams of experts.
Our track record
Stadium Holdings Ltd
1 Olympic Way, Wembley
Neighbourly Matters advice for a 7-storey extension to provide student accommodation
104-106 East Street, Southampton
Delivery of commercial and market-led viability advice to support the successful completion of a stalled development.
Yorkshire Housing
12,000 Stock Condition Surveys – Yorkshire Housing
Appointed by Yorkshire Housing via the Fusion21 Framework to complete 12,000 stock condition surveys over a 3-year period
Private Client
33 Beach Road West, Portishead, Bristol
Acting for the Building Owner to enable the redevelopment of a dilapidated residential site
37-42 Tenby Street and 30-31 Albion Street, Birmingham
Expert Party Wall advice to protect adjoining owners’ interests
Kruton No. 2
9-12 Middle Street, Brighton
Appointed as Employer’s Agent on new build commercial project.
Kwik Fit
Acquisition for Kwik Fit, Atex Business Park, Stowmarket
Instructed by Kwik Fit as national retained acquisition agents
Bernard Construction
Affordable housing provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
Higgins Homes
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
Providing Cost Management & Quantity Surveying services on an exemplar industrial intensification project