MACHIN INVESTMENTS IS CONSTANTLY STARTING, COMPLETING OR SEEKING NEW PROPERTY DEVELOPMENT PROJECTS. HERE ARE UPDATES ON JUST A FEW OF OUR RECENT INVESTMENT OPPORTUNITIES.
LUXOR: LOCAL & LUXURIOUS
A 1940S CINEMA BECOMES 12 LUXURY APARTMENTS BUT REMAINS A LOCAL LANDMARK.
GDV: £2.25M TYPE: D1 to Residential Conversion COMPLETION: Q1 2019 FUNDERS: Lloyds Commercial, Machin Group APPOINTED AGENTS: Michael Jones & Jacobs Steel The Luxor Cinema – originally built in the early 1940s and unused since 2003. Machin Investments purchased the site and obtained planning permission in Q2 2018. This complex project required collaboration with the local District Council, interest groups, planning committees and investors keen to support a project benefitting the local community. Site re-development created over 10,000 sq ft 12 luxury apartments and retail units, while keeping the original façade and overall ‘landmark’ feel. Machin Investments, Machin Group, Lloyds Commercial and local investors backed the project. Renovation began in July 2018. Investors received a return of approximately 15%pa as individual apartments sold between £125,000 and £250,000.
RURAL AND RUSTIC IN CRANLEIGH
NEW BUILD OF 4 BARN STYLE HOMES IN CRANLEIGH
GDV: £2.2M TYPE: New build COMPLETION: Q1 2021 FUNDERS: Lloyds Commercial APPOINTED AGENTS: Roger Coupe. The purchase of this redundant farmland was in 2018 with detailed planning permission to demolish the barn and stables and build an exclusive development of 4 luxury homes in the highly sought after village of Cranleigh, Surrey. The project plan was for a swift construction from a brownfield site to an attractive mews of rustic cottages in keeping with the area, within 9 months. Good returns on investment were anticipated, however this was not to be due to rocketing material and labour costs and delays due to Governement regulations and supply chain issues resulting from Covid. A tough gig that we have put down to invaluable experience gained in near impossible trading conditions.
GORING BY SEA: BUNGALOW HEAVEN
A DERELICT BUNGALOW ON A LARGE PLOT GETS EXTENDED AND REFURBISHED
GDV: £0.8M TYPE: Residential Extension and refurb COMPLETION: Q3 2020 FUNDERS: Lloyds Commercial APPOINTED AGENTS: Winkworths. Wood End – a derelict building with a separate garage not lived in for 20 years. Fire damaged, more greenery inside than out! But with vision, it was restored and improved to a fantastic 4 bed with studio annexe and garage on a huge corner plot on the edge of a woodland, yet a stones a throw from the beach. Bought off market and sold off plan. Machin Investments purchased the site and obtained planning permission in Q2 2020. Renovation began in July 2018. Investors received a return of well over 50%pa – an absolute cracker.
COUNTRY COTTAGE NEW BUILDS
DOUBLE NEW BUILD OF 2 SEMI DETACHED COTTAGES NEAR ARUNDEL
GDV: £500,000 TYPE: New Build COMPLETION: Q3 2019 FUNDERS: Lloyds Commercial APPOINTED AGENTS: Michael Jones In Q1 2019 Machin Investments purchased this plot of land with detailed planning permission in place to develop 2 semi-detached luxury cottages (to be called ‘Wisteria Cottages’) in the village of Yapton. Located near the historic town of Arundel, West Sussex, the project was a rapid construction from a brownfield site to 2 lovely cottages within 3 months. The development created a small infill project whilst the analysis and due diligence is performed on the next set of larger developments. Reasonable returns on investment are anticipated at 25%pa.
TWO FROM ONE IN SHOREHAM
A LARGE SINGLE, SEMI-DETACHED IN SHOREHAM CLEVERLY TRANSFORMED INTO TWO LUXURY MAISONETTES
GDV: £0.72m TYPE: Flat conversion COMPLETION: 2017 FUNDERS: Lloyds Commercial, Machin Group APPOINTED AGENTS: Sequence Homes Machin Investments set about purchasing and transforming a single, semi-detached derelict property in Shoreham into two exciting, modern properties while maximising return on investment. Clever design and attention to detail allowed the creation of a ground-floor, two-bedroom garden maisonette and a three-floor, three-bedroom maisonette along with a detached triple garage. As always, the finish was pure luxury. The finished project generated a return on investment of 21%pa.
FROM ASHINGTON TO ALCHEMY
A SPACIOUS NEW-BUILD HOME THAT REFLECTS ITS SEMI-RURAL SURROUNDINGS
GDV: £400,000 TYPE: Greenfield New build COMPLETION: June 2018 FUNDERS: Lloyds Commercial APPOINTED AGENTS: Cubitt & West Machin Investments purchased this green field site in a semi-rural, country lane in the pleasant village of Ashington. Working in a compact area, we had to make the most of the site to create a property that maximised interior space, while also offering a garden area and off-street parking. The result was a luxury, new-build, two-bedroom detached house complete with private rear garden, large gravel driveway and garage. As with all Machin Investment projects, the finish was to the very highest standards, from foundations to fountain taps. Investors are expecting a return on investment of 22%pa on this property once sold.
PRIME PERIOD PROPERTY
A SPACIOUS VICTORIAN HOME IN BRIGHTON EXTENDED AND REFURBISHED
GDV: £673,000 TYPE: Refurbishment and Extension COMPLETION: July 2017 FUNDERS: Lloyds Commercial APPOINTED AGENTS: David & Co Machin Group purchased this derelict Victorian Property off market. Located in the prime location of Fiveways, Preston Park in Brighton, the project scope was to ensure a rapid refurbishment and sale. The development included a loft conversion, side return and luxury refurbishment, transforming it from a derelict two-bedroom space into a luxury four-bedroom property with an additional open-plan kitchen/diner. The property was acquired by Machin Group March 2017 and sold in July 2017: a complete turnaround time of just four months which generated a return on investment of 21%pa.
POETRY IN MOTION
VICTORIAN HOME IN PRIME POETS CORNER, HOVE – EXTENDED AND REFURBISHED
GDV: £581,000 TYPE: Refurbishment and Extension COMPLETION: Feb 2016 FUNDERS: Lloyds Commercial APPOINTED AGENTS: Sequence Homes Machin Group purchased this, far-from-poetic, derelict Victorian Property in March 2016. Located in the prime location of Poets Corner, Hove, the project plan was for a rapid conversion from dereliction to desirable property. The project included a full loft conversion, side return and refurbishment to the highest possible standards. The result was a transformation from a three-bedroom to luxury four-bedroom property, with a spacious open-plan kitchen/diner. Just four months after purchase, the property was sold – in July 2016 – generating a significant return on investment of 26%pa.