The team behind Supported Living Gateway are experienced property developers and we continue to develop supported living property to meet the needs of care providers.
We work with a range of investors – including those with SSAS pension funds – and we offer a great opportunity for our partners to invest their funds while knowing they are making a real difference.
We are in the process of developing two commercial conversions, one in Macclesfield in the north west and one in Bideford in north Devon. Both properties are being converted into homes for individuals with learning difficulties.
Northbank House in Bideford is a commercial conversion. The first and second floor of this building are being converted from offices to 14 one-bed flats and two staff support hubs. The ground floor is already let to The Secretary of State for Levelling Up, Housing and Communities who use it as a job centre.
Permitted development rights were used to obtain planning approval for 16 one-bed flats on the upper two floors. We subsequently submitted, and obtained, full planning approval for external cladding and window amendments.
We are implementing energy efficient solutions and dramatically improving the energy efficiency of the entire building.
We worked with SSAS pension investors to fund the purchase of the building and will be utilising this route alongside private high net worth investors to fund the development works.
In Macclesfield, we have converted two former dive shops into 4 one-bed flats with an office for support staff.
We submitted a full planning application for the demolition of the existing premises and the construction of a new building. After a few months delay we obtained approval with the normal pre-construction conditions.
We are implementing smart technology to assist the Care Providers and energy efficient solutions are being installed to help create a more sustainable and affordable home for the end user.
We funded the purchase of the building from our own resources and have private lending from high net worth investors for the development costs.
We are going to be at the National Landlord Investor Show on October 30th. Alongside our finance partner Signature Funding Solutions.
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The Supported Living Gateway network events have consistently brought together an impressive array of experts from various facets of the supported living sector. From property developers and investors to care providers and industry veterans, our panellists represent a wealth of knowledge and experience that has greatly enriched our discussions and provided valuable insights to our attendees.
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In recent years, we've noticed a growing trend among domiciliary care providers: the desire to expand their services into the supported living sector. This shift not only broadens their service offerings but can also streamline their operations, making it an attractive prospect for many in the industry.
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Despite being written a few years ago, this article regarding property types in supported living remains highly relevant today.
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