The Wheatsheaf Hotel, Upper Benefield, Northamptonshire 

Project Details 
 
The property was purchased in September 2017 with planning permission to convert the hotel into 6 apartments and 2 new build houses in the garden / carpark. Upon purchasing the property we put in for an amendment to convert the hotel into 6 houses which was approved with a further application to increase to 4 new build houses in the garden / car park. We are currently awaiting a decision on the 4 new build houses. 
The headline figures are as follows: 
 
Existing Planning 
PP - £725,000 
Planned Development Cost - £1.2million 
GDV - £2.5million 
ROCE = 29.8% 
 
 
New plans if approved. 
Planned Development Cost - £1.6million 
GDV - £3.1million 
ROCE = 33.3% 
Timescale 24 - 30 months. 
 
 
 
 
 
 
 
 
 
For more information simply call us on 01536 333545 or Email info@3ehub.co.uk 
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