1. Administration Block
| Floor Plan for Administration Block (pdf) | |
| Area in sqm | 3,627.70 |
| Area in sqf | 39,048 |
| Current Use | Hotel? (2 Storey officers mess) |
| Future Use | C1 - TBA |
| No of Rooms at Lower Ground Floor | 17 (Merged two tiny rooms into One) |
| No of Rooms at Ground Floor | 13 |
| No of Rooms at First Floor | 20 |
| Total Rooms in the building | 50 |
| Proposed no of Rooms | ? |
| Gross Development Value (Estimated) | ||||||
| Type. | Floor | Description |
Sqft NIA |
Sqm NIA |
Value | £ per Sqm |
| Flats |
LG, GND,1st |
Saleable Area (NIA) (70% of GIA) |
2,540 | £7,618,000 | £3,000 | |
| Total Area (GIA) | 39,048 | 3,627.7 | ||||
| Communal Area | 937.53 | 1,087.7 | ||||
| Total |
£7,618,000 | |||||
Development Budget Appraisal for £7.6m GDV
| Legals | £5000 | |
| Architects / Professionals | £228,000 | 3% of GDV |
| Conversion | £5,441,550 | 3,627.7 m2 @ £1,500 / m2 |
| Insurances | £38,000 | 0.5% of GDV |
| Contingency | £380,000 | 5% of GDV |
| CIL / Section106 | £225,000 | £90 psm UK Average rate |
| Subtotal | £6,318,450 | |
| Finance costs | £600,000 | 65% LTGDV = £5,000,000 for 12 months @ 1%/m (Net Loan = £877,400) |
| Total | £6,918,450 |