Target Five
Andy and Tina are in the central Brighton today presenting another UKPA (UK Property Angels), Investor Discovery Day.
Investors got to see some great developments in progress in Central Brighton as well as some new investment opportunities that Target Five have to offer.
If you want to find out more about UK Property Angels, please visit their website here https://ukpropertyangels.
Also, a special thanks to Guy, Andrew and Dagmar for the lovely branded biscuits
Last night Target Five Property Consultants were announced winners of Commercial Property Conversion Of The Year 2021 at the Property Investor Awards 2021. “We are really proud of this award and it is very much the culmination of a great team push the last couple of years. Whilst we have been doing commercial conversions for years, we have really honed our craft and this year and the ones coming up will be even better. target Five is effectively a cooperative of accomplished property professionals that it is a gift to be able to work with. Well done guys, Tina, Tim, Sven, Shelley and Loren at Team T5 you are all amazing.” – Andy Babbayan
We are delighted to announce that Target Five have won Build Magazines Real Estate & Property Award 2021 for ‘BEST PROPERTY INVESTMENT & DEVELOPMENT COMPANY BRIGHTON & HOVE’⠀
We are very proud of the hard work that team T5 put in everyday. Here’s to the future and fingers crossed for more to come!⠀
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This award goes to show hard work and tenacity pays off, We couldn’t have done it without the effort and support from @brightonrenovations @ccrdryliningltd @focus_brighton
@bpmarchitecturalservices and of course @whaleback.ltd ⠀
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As we reach the end of another busy week, we are excited that another property in our pipeline has exchanged!⠀ ⠀
Queen Street a mid-terrace building in Littlehampton, West Sussex.⠀The property has previously been leased to a local housing charity providing accommodation across the six bedrooms. With special thanks to Richard and the fantastic team @starpropertyuk always a pleasure to work with you all. ⠀
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We have received some exciting news, we have reached the finalist stage of the Property Investors Awards 2021 for the following categories;
– Co-Living Deal of the Year
– Commercial Property Conversion of the Year
– HMO Property Investor of the Year
– Property Deal of the Year
Becoming a finalist is a great achievement, especially after the past couple of years with the challenges of Covid and how this impacted the industry and business. We are lucky enough to continue to thrive, which is down to the fantastic team we have and all their hard work.
Fingers crossed for the winners announcement coming soon!
We are definitely having a Happy Friday vibe today at T5 HQ. We have had planning approved for our next development in George Street, Hove, on behalf of our longstanding investor.⠀
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Planning granted, is a commercial to residential from class E commercial unit to class G.⠀with thanks to @whaleback.ltd
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Our Plan:
To form a 7 bed coliving Sui Generis HMO above and retain the ground floor commercial unit, which we have already had lots of enquiries about already ⠀
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Watch out for our upcoming development build updates.⠀
Southern Enterprise Awards have announced us as winners of ‘???????? ?????????? & ??????????? ??????? ?? ??? ????’⠀
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We are very proud of the hard work that team T5 put in everyday. Here’s to the future and fingers crossed for more to come!⠀
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This award goes to show hard work and tenacity pays off even during a pandemic!. We couldn’t have done it without the effort and support from @brightonrenovations @ccrdryliningltd @focus_brighton @bpmarchitecturalservices and of course @whaleback.ltd
It is quite a momentous day for Target Five, as our team are onsite at our project in Newland Street, Worthing, as our CLT construction (Cross Laminated Timber carbon sustainable development) has arrived from Austria.
25 tonnes of materials, shipped over on the back of an artic lorry via the fabulous team at Stora Enso. There are 14 packs which are positioned sequentially for the build progress, very much like Meccano but on a mammoth scale! not that we are daunted or anything. This is a first for T5 re: modular building and we are very much learning enormously as we go along with our trusted team and guides at Olive Modular with our PM Tim overseeing.
To the plan then, the main construction will take circa 2 weeks! starting at the rear back gable and working towards the front pavement.
By using a Cross Laminated Timber (CLT), Modular Construction designs and building methods we will be delivering low carbon results with high quality standards compared to traditional methods of constructing developments re: the use of cement and how this impacts CO2.⠀Creating Energy efficient, Environmentally beneficial buildings.
We will keep you updated of course with progress, it’ll be coming thick and fast now!
Our latest Littlehampton project is underway. This mixed use property, consists of a commercial unit on the ground floor, which was recently used as a cafe with a 2 bed maisonette above.⠀
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Target Five’s plan is to convert the ground floor commercial into a one bed apartment (plans currently being drawn up by our Architect. The maisonette above will be developed from a 2 bed, 1.5 bathroom, to a 3 bed with 2.5 bathrooms. By repurposing the kitchen to a bedroom with a separate open plan kitchen/living space.⠀
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Our builders are onsite and have started the rip out, which is casuing a bit of a headache already as they have identified condensation spores, as there are no damp proof membranes, in fact we have daylight through the slate roof tiles! so a re-roof is in order.⠀
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We will keep you up to date as this development progresses.
Yesterday we exchanged on Broadwater Road, Worthing, a property we sourced and secured for our returning investor client. This property came with plenty of challenges throughout the conveyancing period, one of which was Japanese Knotweed!! but with the Target Five team on hand this was another issue we were able to overcome, along with the perseverance of our associates @starpropertyuk the sellers, we were both able to get the property over the line.
The property is a freehold mixed use property, comprising of a vacant ground floor commercial premises with a large flat above, with an extensive rear garden accessed via a road to the rear offering development potential (STPC).
With the Japanese Knotweed treatment plan in action and our planning application in here’s our brief for the property:
– Retain and refurbish the commercial unit
– To the rear we hope to extend and create a separate 1/2 bed garden apartment STPC
– Upstairs we will be creating a 4 bed coliving HMO
We will of course keep you up to date with how we progress with this project.