Financial Viability Assessment, Edison Bell Way, Huntingdon
Financial Viability Assessments
Rapleys was instructed to prepare and submit a detailed Financial Viability Assessment (FVA) for the site located in the centre of Huntingdon, Cambridgeshire.
The scheme consists of a 304 unit residential led scheme including two flexible-use commercial units (A1/A2/A3/A5/D1), landscaping, open space, access, parking and associated works. The residential element of the scheme consists of a mix of 71 houses, 64 1-bed apartments and 169 2-bed apartments.
We provided detailed development advice and worked with the project team to confirm an affordable housing strategy with the client. We considered residential and commercial sales values, build costs and the benchmark land value. Upon agreeing an affordable housing strategy with the project team we prepared and submitted a full financial viability assessment to the local authority.
Post submission we engaged in negotiations with the local authority and their viability consultant in relation to the affordable housing provision. We were able to secure agreement allowing the scheme to proceed to planning committee and secure consent.
This site was formerly industrial use and was affected by ground conditions that required a significant programme of remediation and site preparation. As a result we were able to negotiate an affordable housing strategy, which was agreed with both the local authority and their viability consultant which delivered an off-site affordable housing contribution.
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 provisions for a mixed-use scheme, Balham
Provided a detailed FVA, development advice and affordable housing strategy
Affordable Housing valuation for a mixed use scheme, Garratt Lane, Wandsworth
Development Consultancy advice to support a planning application for a mixed use scheme
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