Trafalgar Property Group gains Surrey site for cash deal of £2.3 million  

 

A 1.3 acre development site in Surrey has been acquired by the Trafalgar Property Group PCL on which it intends to build a new assisted living scheme. 

The developer announced the deal last week in a statement that the money had been raised by Trafalgar Group’s Chief Executive Officer (CEO) Chris Johnson and an unnamed lending institution.  Mr Johnson is reported to have financed a loan of £360,000 as part of this major acquisition. 

The site includes a former nursing home with a value estimated to be in the region of £3 million. 

The site already has planning permission in to develop a total of 37 units with the variation option to increase the number of dwellings by a further 15 units after demolition of all existing buildings is complete.   

Factoring in the additional build, this would increase the GDV estimate to circa £21.2 million overall.  As it stands the predicted gross development value is around £15.1 million based on 37 units. 

Trafalgar Group PLC’s Chairman James Dubois said: “Having launched our assisted living strategy last year, it is a major milestone for the group to acquire its first development site. Demand is growing in the UK for specialised retirement housing and this is particularly pertinent given the fast-growing ageing population in the UK and current demographic trends.” 

Mr Dubois commented: “Trafalgar’s assisted living offering directly satisfies the increasing preference for retirees to maintain a level of independence. Trafalgar recognises this trend and with a development timeline now in place, we are focused on having our first units ready for reservations in late 2019.” 

Highgrove Mews

High Net Yield Freehold Houses

  • Commutable to London (27 mins to central Paddington station)
  • Rental demand extremely strong with large industry presence in Reading
  • Freehold with 4% net yield

£284,955 - £457,000

St Petersgate – Stockport Manchester

New Launch - Stockport Manchester, apartments from £160,000

  • Discounted launch prices from £160,000
  • Excellent transport links with 3 trains per hour to London Euston and only 9 mins journey to Manchester Piccadilly
  • Experienced development team

Assured Rent Housing Association Leases

Assured Rent Housing Association Leases

  • Assured rent & no rental voids
  • Tenant damage cover & newly refurbished inline with requirements of a corporate sitting tenant
  • Free property and lettings management

From £62,000

Emerging Birmingham Commuter Town With Properties From Just £104,000

The emerging Birmingham commuter town where properties are selling in an average of just 24 days

  • A collection of 62 two bedroom apartments and 28 one bedroom apartments.
  • DE14 is one of the fastest selling postcodes in the West Midlands.
  • 23 minute train journey into Birmingham New Street Station.

Properties from £104,000

Mill, Stockport

The Northwest's emerging property hotspot

  • Discounted off-plan 2-bed prices from £162,000
  • Completion date - Q4 2021
  • Rental yields - 6% plus

Discounted off-plan 2-bed prices from £162,000

South Central – Birmingham City Centre Apartments

Highly anticipated 28 storey launch in Birmingham City Centre with an impressive roof garden and communal facilities.

  • 154 units across 28 storeys
  • Residential multi-media community room, gym, roof garden and sky cinema
  • Excellent future connectivity via the metro system to other key transport hubs and locations around the city

from £205,800

ba-

Talk to us

Speak to our UK property experts today: 

+44 (0) 333 123 0320

Open from 9am-6pm GMT

+852 9865 4446

Open from 9am-6pm HKT

Stamp Duty Calculator

.

Unlock members only investment opportunities and full development details. Join now – it’s free, quick and easy.

Login

Not a member? Sign up for free

Trafalgar Property Group gains Surrey site for cash deal of £2.3 million  

Trafalgar Property Group gains Surrey site for cash deal of £2.3 million  

Example

By submitting your details via this online form you agree to be contacted via email/phone/SMS by Direct Marketplace Ltd t/a BuyAssociation in relation to property investment and property developments . We do not share your personal details with third parties.  To view our full Privacy Policy click here.