Residential Development, Maerdy

Challenge – The client owned a public house situated in a rural location in Wales. The pub trade had declined and they were looking for a strategy to exit the property with the best value having had it on the market for over 1 year and failing to sell it at auction.

Outcomes – Assured Property conceived the best outcome for the site and then obtained the planning permission for the scheme to enable the site to be sold at £240k.

Financials: Enhanced capital return of 60% gross

Location: Abergavenny, Wales Client: National Pub Company

Services provided: Asset Management; Agency (Sale); Development Management (Residential)