Empire Property Concepts based in Doncaster, England have a construction update to share with investors. There is some really positive news coming with the refinance confirmation and we are expecting the valuations and legal work to start at the end of next week. Once we have further information of the refinance we will update all investors, otherwise we have a construction update to share with you.
All in all the developments that Empire Property Concepts are currently undertaking are proving to be extremely positive and are already receiving significant interest from prospective tenants.
In case you missed it, Empire Property Doncaster was recently covered in the Daily Telegraph recently talking about the £33 million property portfolio that has been built over the last decade.
There has been a lot of positive press reports focussing on the impact Empire Property Concepts is having in urban areas, which is about turning unwanted eyesores into clean and modern accommodation.
Empire Property Concepts has been in business the last decade and has so far refurbished more than 1,050 properties. In the last couple of years this process has been accelerated with the launch of the property bond. You can read all about this here: Empire property holdings reviews.
King Charles House
With extra resources applied to King Charles House, it means the project is progressing extremely well. Second fix electrical and plumbing is almost completed.
The kitchens are starting to go in and the tilers are working their way through the bathrooms.
New Commerce House
We are now into the final push for New Commerce House and minor snagging has now been approved. The flooring was recently completed throughout and furniture has since been ordered for all of the apartments. The external works, which included lighting and CCTV have now been completed.
Shortly, we will receive professional images from Empire Property Concepts which will be of the show flats, these should be with us in the next few weeks.
The good news is that a local letting agent has already agreed 15 pre-lets which accounts for a good 50% of the development. It is expected that this development will be fully let within a month.
The majority of the kitchens now installed and the tiling of the splash backs well underway. The bathrooms on the 3rd to 5th floors are fully tiled ready for sanitary wear.
The new roof is now complete and marketing the residential units for pre-lets has begun with a national lettings agent.
The decorators are working their way down the building following the second fixes.
You can see from the Computer Generated Images (CGIs) the finish that Empire Property Concepts are hoping to achieve.
Find out more about property investment bonds and learn why this is one of our most popular investment opportunities for 2017.
“Empire Property Holdings” and “Empire Property Holdings 2” were incorporated as special purpose vehicles to acquire commercial properties for development into residential accommodation by the esteemed developer, Empire Property Concepts.