SNG Architecture

01/11/2024

Morning all

To those of you who have already Exchanged Contracts before 31 October 2024

Read the Government link below

Let me know how you get on after speaking with your solicitor.

https://www.gov.uk/government/publications/stamp-duty-land-tax-increase-to-the-higher-rates-of-stamp-duty-land-tax-and-to-the-single-rate-payable-by-non-natural-persons/380cf2b3-cc05-4457-9624-224485c29fb5 #:~:text=This%20measure%20applies%20to%20transactions,date%2C%20transitional%20rules%20may%20apply.

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04/08/2024

29/07/2024

12 Bedroom HMO in Greater Manchester
We may be soon selling a newly done 12-bed all en-suite HMO in Bolton. This property is currently an 8 bedroom which we will be converting in to a 12 bed. All professional tenants with an annual income of £79,000k pa. We would be looking for offers around £600k. Full details available. PM me your mobile or email address. There are other deals available.

27/07/2024

I’m looking for someone to JV with me, but they must have funds of between £100k to £500k
We are experienced developers / landlords with a portfolio of properties.
I have a few properties with planning approval which I want to refinance and develop but lacking the finance to do it. This would make a great opportunity for anyone with funds and who wants to gain experience at the same time. I can offer the following security:-

First Charge over the property and 50% of the shares voting rules in the SPV until completion.

My preferred exit would be to give 1.66% per month against any monies lent until repaid.
I would like to retain 100% of the property at the end, but this is optional. I'm looking to move quickly.
Please leave your details and I will get back to you or PM me.

13/03/2023

Westwood Apartments Update

We have submitted planning for 120 units in this 16-floor highrise on a brownfield site adjacent to the Westwood Tramstop and only 20 mins from Manchester City Centre. This site will have a GDV of over £18m once built.

We were supposed to have a planning output on the 8th of February but that date came and went.

The planning department is asking until the end of May to make a decision.

The reason for this is the 2 fold. Firstly they stated they don't have responses for all the consultees yet. However, they do have all the main ones.

The second reason is there are local elections and there is a risk of politicisation of the site with candidates likely to support populist views.

Although May might be sooner than we would get an appeal for non-determination we have decided to go down the appeal route and take it out of local hands and away from the local political arena.

Ultimately we believe it will be more objectively assessed and improves our chances of success.

11/03/2023

08/03/2023