The Latest in Bespoke Estate Group – November Edition

December 10, 2020

It’s been a busy and focussed month in the Bespoke Estate Group. It is very good times for the rental market right now, with all 23 of our rooms fully let, and all of our flats in our portfolio fully let with 6 more coming to market in January 2020. Our waiting lists are growing, so we are actively looking to grow our portfolio.

Cornerstone is our development in the heart of Hunstanton, where we purchased a disused commercial building that had been empty for many years, converting this to 6 self contained  Luxury Flats.

We are pleased to have just sold the bungalow that we were building on the parcel of land we acquired in South Wootton for full asking price. This was built on unwanted garden land that we purchased, and now that the property is sold, we are undertaking additional works for the new owners. This was a fantastic deal which made them 40% return on investment.

Next up, as we mention in another blog about ‘How will lockdown 2.0 affect the property market and investments’, we have been very busy assessing deals in the commercial building sector, including the old British Legion building in King’s Lynn. They approached Bespoke Estate Group after the effects of COVID19 had become too damaging for their business, and we purchased the building and put in for planning permission for multiple residential flats.

In addition we have begun stripping our land up at Norton Hill ready for roadway tracks, so that viewings can be taken of the plots. There are 3 plots available throughout Brown and Co. starting from £275,000.

Finally we’ve been out checking out deals in Downham Market, King’s Lynn & Norwich, and were just conducting our analysis and due diligence on the deals. If you are interested in getting involved with any of these opportunities, please get in touch and we’ll be happy to discuss them further with you.

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