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Anah's Restaurant, Park Green, Macclesfield

 

We purchased 61-65 Park Green a former Indian Restaurant in August 2017. The building was laid out as an Indian takeaway and newsagents on the ground floor and one large apartment which had been knocked about to the point of being uninhabitable. We applied for planning to convert the building into 6 apartments, 3 x 2 bedrooms and 3 x 1 bedrooms. It was our first project of this scale and proved to be an invaluable learning experience.


Purchase Price £200,000
Conversion Costs £180,000
Gross Development Value £560,000


Our exit strategy from this development was to sell the units and move on to the next project.

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0161 327 2789

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© 2020 ELLIOT JAMES PROPERTY LTD (09615703

Williamson & Croft Llp, 81 King Street, Manchester, United Kingdom, M2 4AH

 

We are members of the National Landlords Association & Property Redress Scheme:

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