Bun Penny, Herne Bay

Iconic Herne Bay Bun Penny site returned to use

The Herne Bay site was previously home to the iconic Bun Penny Pub, which opened in 1899 when the pub was called the Royal Hotel. It changed name in 1972 and closed in 2011 after a devastating fire left it in a state of disrepair.

The property, which sits on the sea front, was a major eyesore to the area; its redevelopment has substantially enhanced the local sea front.

The revived Bun Penny site now comprises of a mixed use scheme made up of 14 two and three bedroom luxury apartments and a commercial unit on the ground floor.

The development has been completed to a high specification with a contemporary feel. 13 apartments have balconies and all the apartments have parking.

Kent County Council’s NUE scheme provided funding of £175,000 which was leveraged by private sector funding of £2,325,000, bringing total investment of the redevelopment project £2.5 million highest value project to date.

The apartments are being marketed for sale and further details can be found on the Right Move website.

Watch the NUE Promotional video which showcases our wider regeneration work in Herne Bay.

 

 

 

Newly converted Kent Cottage in Hythe

Luxury available in old Hythe Cottage

 

A development formerly called ‘Kent Cottage’ in Hythe has recently been completed. Planning permission was granted to turn the dilapidated property into a new development that would replace the old building and would be in keeping with its original character.

Four luxury residential apartments and two commercial properties are back into use with £100k assistance from KCC’s No Use Empty Initiative.

The owner Marc Carney, who has been in building all of his life, is very proud of his first venture into property development. The project has taken about a year to complete and plans to carry on if further projects become available.

The project received a plague from Hythe Civic Society for permanent display on the building for overall excellence and design and enhancing the visual quality of the neighbourhood.

 

 

 

 

NUE – Living by the Seaside

Botanty Road, Broadstairs

No Use Empty has supported the stunning transformation of a former empty bungalow situated in a highly sought-after location.

The property is being exclusively marketed  by Miles & Barr, Canterbury Request Details

You can take a Video Tour of the property!

A four bedroom detached double fronted bungalow on a corner plot which has been extended and refurbished to a very high standard.  The property offers superb accommodation with light and spacious rooms with contemporary styling and an impressive open-plan living space incorporating a luxury modern kitchen with high-quality work surfaces and integrated appliances.

There are four bedrooms, one with an en-suite shower room, a Jack n’ Jill shower room for bedrooms two and three and an amazing family bathroom with the latest fittings including a freestanding bath, walk-in shower cubicle, mirror television and floor to ceiling porcelain tiles.

Externally there is a good sized garden on a corner plot with Indian Sandstone paths and patio and a garage accessed from the rear.

Local developer Scott Widdows of South Eastern Homes has worked with NUE to bring several long term empty derelict properties back into use as much needed quality accommodation.

Botany Bay is is the northernmost of seven bays in Broadstairs. It features chalk cliffs and is a popular tourist location.

Prince of Wales House, Dover

Prince of Wales House, Dover – No Use Empty Loan Awarded £ 175,000

The Prince of Wales House is a large detached property, in the centre of Dover, previously used as a YMCA, which has been empty for a number of years.

The redevelopment will see the demolition of the outbuildings, construction of a number of new properties, and conversion of The Prince of Wales House into residential units.

In total, the scheme will provide 35 units of accommodation (1&2 bedroom apartments) for sale, 11 of which will be sold on a shared ownership basis through a registered social landlord.

Phase I completed July 2009 and the Loan Awarded repaid in full 9 months ahead of schedule.

Peter Street, Deal

D&G Properties Limited is a family business run by mother and daughter who have experience of property development. They have a small portfolio of properties in the area which are offered on a rental basis.

This property was purchased in September 2009 having been empty for more than 6 months with the specific intention to re-develop and return a more spacious family home in the historic seaside town of Deal.

The 3 storey terrace property has been tastefully re-decorated and totally re-furbished including newly fitted carpets, radiators, internal doors, fire-doors where required, double glazing and smoke alarms. Also all bathrooms have decorative tiled walls and modern appliances. The kitchen has soft close cupboards and drawers and ceramic hob. The property will provide a perfect family home close to the town centre location of Deal.

The property offers 4/5 bedrooms or possible study, utility area, lounge, kitchen/diner, bathroom and shower room and parking to the rear. Situated within walking distance to Deal high street with its array of shops and restaurants also walking distance to beautiful beach front area and transport.

Planning permission was not required for the refurbishment and all works have been carried out under Building Notice.

Margaret Draycott of D&G Properties said:

“We think KCC’s No Use Empty Imitative is a cracking idea. John (Day) and Steve (Grimshaw) were on hand to support us with the application process. The fact that the loan is paid up-front has enabled the project to move forward without impacting on our day-today cash flow, which for a small business such as ours is vital in these turbulent times. We have also used several local tradesmen on the project and extremely pleased with the finished product. Hopefully the property will not be on the market for too long and be snapped up, at which point we will be able to re-pay our loan. Having been through the process once, we would definitely consider applying for another loan in the future”.

Images of Peter Street:
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The Warehouse Dover

An old derelict warehouse in the town centre of Dover has been transformed into stunning new apartments thanks to an initiative, which is helping create new homes by recycling long term empty properties.

The old Victorian warehouse on Worthington Street, in the centre of Dover,
had been derelict for over ten years.

Warehouse Dover dining roomThe current owner, Kent-based property developer Philip Bigio, was granted an interest-free loan a year ago from No Use Empty to meet the renovation costs required to convert the building into luxury apartments.

Now complete, the new Warehouse Caves Court features six 2-bedroomWarehouse Dover bedroom apartments, two loft apartments, private courtyard with allocated parking, security gates and video entry system.

Councillor Sue Chandler, DDC cabinet member for strategic housing, local authority housing, landlord policy and tenant affairs, said:

“We are working hard to bring regeneration to Dover and the district, the No Use Empty initiative can definitely make that happen and is a great example of working in partnership with Kent County Council to achieve real results. This renovation has given a previously redundant building in the centre of Dover an exciting new lease of life.”

NUE presents 2-3 Bedford Place, Maidstone

Background: A Grade II Listed building situated in a residential area, close to all amenities and facilities. The building is a part three storey, two and one storey detached premises with basement. The original building dates back to 1633 with two and single storey extensions built thereafter. The property was arranged as offices and had remained empty for 5 years.

The original three storey building is of timber frame construction with later extensions of solid masonry construction. The works involved the conversion of the Grade II listed building to from: 7 residential apartments (6 x 2 bedroomed flats with en-suite to master bedroom and 1 x 1 bedroomed flat). In addition to this 2 x 3 bedroom houses have been built to the rear (not funded by NUE).

The applicants included a project manager/architect who previously worked for a national house builder, a builder and a financial backer.

Finance Summary: NUE provided the maximum loan to let of £175,000 in March 2014, with a view to repayment 31st March 2017. KCC secured a 1st Charge on the property valued at £400,000 in its original condition, giving a Loan to Value of 43%.

The total cost of the refurbishment was £503,898 (supported by a RICS valuation). The applicants evidenced funds available to complete the project.

The value of the completed development is £ 1,095,000, which reduced the Loan to Value ratio to 16%.

Outcome: Hyde Housing approached the owners to acquire the site in order to fulfil their obligation to provide high quality units of accommodation. On 11 December 2014 the sale completed with the original NUE loan (awarded in March 2014) was repaid.

Not a bad result for 9 months of hard work, if we do say so with 9 families being housed over the Xmas/New Year period.

This is our first completed project in Maidstone. Mr Vince (one of the applicants) said:

“The loan has been fantastic and I will certainly be using it again”.

A further project in Hedley Street has been identified and NUE hope to take this forward in 2015, subject to risk assessment.

Before and After shots:

2 Brand New Houses to the rear with parking

Bedford Place 2 Houses