Permitted Development Office-to-Resi Conversion in Guildford
£985,000 · 14 months · 0.98% pm. A developer had acquired a vacant two-storey office building in Guildford under permitted development rights for conversion to twelve residential units.
The Client
Developer
The Challenge
A developer had acquired a vacant two-storey office building in Guildford under permitted development rights for conversion to twelve residential units. Works were straightforward but required a lender comfortable with PD consents rather than full planning.
Our Solution
Doulton has extensive experience with PD conversions and structured a £985,000 facility covering acquisition refinance and build costs. Drawdowns were tied to stage completions certified by the monitoring surveyor.
The Outcome
Twelve units completed and all sold within ten weeks of practical completion, driven by strong Guildford demand. Bridge redeemed at month thirteen. Key highlights: PD consent accepted without hesitation; Acquisition refinance included in facility; All 12 units sold in under 10 weeks post-PC.