Mixed Use

Warminster Road
Bath, BA2 6SF
Project ID: 7752

Summary of investment opportunity.

“The site was acquired in December 2015 by a consortium (our Client) and JV funder and is being redeveloped into 204 units.”

Headline Numbers

Gross Development Value of Site


million £

Site valued December 2015


million £

JV Funder Investment


million £

Existing Sponsor Equity Investment


million £

Required Preferred Equity


million £

Full planning permission was granted on 30th March 2015

  • Full planning permission was granted on 30th March 2015
    (Local Authority ref: 14/02272/EFUL) for 204 dwellings, served
    from two vehicular accesses from Warminster Road, comprising
    a mixture of 2 and 3-storey terraced houses, with 5 blocks of
    flats ranging between 3 and 5 storeys in height (taking into
    account level changes)
  • The JV is currently in the process of discharging the pre
    commencement conditions for the existing consent. They are
    also in the process of modifying the scheme to increase the
    total number of units by 32 and 234 units subject to planning.
  • There are potential financial enhancements through changes in
    the affordable housing legislation.

Consented scheme accommodation

  • 67 Apartments (Spilt : 28 OMV & 39 RSL)
  • 137 Houses (Spilt: 95 OMV & 42 RSL)
  • With associated parking and landscaping

The total GDV of the scheme is approximately £110m as revalued by Savills.







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