Categories
Blog

BEST PROPERTY INVESTMENT & DEVELOPMENT COMPANY BRIGHTON & HOVE 2021 – BUILD MAGAZINE

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!⠀

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  ⠀

Categories
Blog

NEW DEVELOPMENT PROJECT – QUEEN STREET, LITTLEHAMPTON

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. ⠀

??? ???? ??? ???? ???????? ?????? ????

Categories
Blog

COMMERCIAL TO RESIDENTIAL DEVELOPMENT – PLANNING APPROVED

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.⠀

Planning granted, is a commercial to residential from class E commercial unit to class G.⠀with thanks to @whaleback.ltd

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  ⠀

Watch out for our upcoming development build updates.⠀

Categories
Blog

PROPERTY INVESTMENT & DEVELOPMENT COMPANY OF THE YEAR – SME AWARD WINNERS

Southern Enterprise Awards have announced us as winners of ‘???????? ?????????? & ??????????? ??????? ?? ??? ????’⠀

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!⠀

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

Categories
Blog

OUR FLAT PACK CLT MODULAR NEW BUILD HOME, IS HERE!

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!

Categories
Blog

NEW DEVELOPMENT PROJECT – BAYFORD ROAD, LITTLEHAMPTON

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.⠀

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.⠀

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.⠀

We will keep you up to date as this development progresses.

Categories
Blog

STAGES OF PROPERTY DEVELOPMENT – DUE DILIGENCE

In the third of Sven’s video series on The Stages of Development, he is looking at the key points when undertaking Due Diligence:

The 4 Key Points To Follow:
– Legal due diligence; looking at searches, land registry, titles.  Are there any easements or covenants?

– Physical site due diligence; boundaries, topographical survey, soil samples, percolation tests.  Some of these tests can only be done at certain times of the year, so you will need to factor this in, especially if you’re offering option agreements/subject to contract agreements.

– Planning due diligence; MOST IMPORTANT.  We recommend using a planning consultant! This is where the value is most definitely added!

– Construction & onsite due diligence; is it feasible? What are the constraints, especially for airspace developments, mixed use conversions or mews developments.

Categories
Blog

EXCHANGED – BROADWATER ROAD, WORTHING

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.

Categories
Projects Completed

BEFORE & AFTER – BAYFORD ROAD, LITTLEHAMPTON

A couple of weeks ago we shared our completed renovation; Bayford Road, Littlehampton. Here’s how we got there!⠀ ⠀

??????? ?????:⠀⠀
The period terraced property was originally 5 bed, spread over 3 floors, which needed to be totally gutted. In doing so we were lucky enough to uncover exposed brickwork to all chimney breasts and brickwork to the hallway, incorporating this into the design theme for feature walls.

We have created an 8 bed HMO with 7 bathrooms, designed for professional sharers. ⠀

If you have any questions about this property, let us know! If you’re interested in finding out more about T5 and how we can work together, please email information@targetfive.co.uk

Categories
Blog

INTRODUCING OUR NEW LITTLEHAMPTON PROJECT

After a tense and very busy 2 weeks, we have another property over the line!

Yesterday we exchanged and completed on this former Barclays bank located on the High Street, Littlehampton. Originally the property was sold at auction but the buyers were unable to complete, we bit the bullet and jumped in on this exciting development opportunity at very short notice.

As you can see from the floor plans* this is a BIG opportunity, we are looking at developing 2 HMO’S above, retaining and refurbishing the commercial element and potentially looking at the additional land.

We will keep you updated as we progress with this project.

*please note the floorplans are for size reference only and are not our chose interior layout.