This property remained vacant from 2018 following a partially completed and substandard refurbishment programme. Blue Pennant agreed a delayed-completion acquisition structure to provide sufficient time to stabilise and reposition the asset.
The property presented prolonged vacancy, incomplete works, compliance challenges, planning requirements and significant refurbishment needs.
Blue Pennant worked alongside planning consultants and professional advisers to create a strategy focused on compliance, improvement and long-term sustainability.
The acquisition structure provided the time required to resolve planning matters and undertake a full redevelopment programme.
The property is being transformed from a five-bedroom HMO into a high-specification eight-bedroom professional HMO.
