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.
One of the most persistent misconceptions about supported living investment is that it requires specialist, purpose-built property. Large converted buildings. Heavily adapted spaces. Buildings that look and feel institutional.
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For many property investors, finance is where supported living starts to feel complicated. High street lenders say no. The mortgage products look unfamiliar. And then someone mentions pension funds, and the whole thing starts to feel like it's beyond reach.
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For property investors entering the supported living sector, few things are more important — or more misunderstood — than the legal agreement that underpins the whole arrangement.
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If you're considering investing in supported living properties, one of the most important things you can do early on is understand exactly who you're housing. Not in an abstract sense, but genuinely — who are the people that supported living exists to serve, what do their lives look like, and what does that mean for the property you provide?
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