This mid-terrace property is a mixed commercial and residential building which benefits from planning permission for the extension and conversion into 3×1-bedroom and 1×3-bedroom flats.
Funds were required to purchase the site from an auction and so, Avamore worked quickly to complete the loan within a short timeframe. A small industrial unit also sits at the rear of the property; typically, Avamore does not offer commercial bridging and so, the value of this additional structure would not be considered. Nevertheless, the Avamore team took a flexible approach and made an allowance in order to increase the level of funds it could provide for the borrower. The property is a short walk from the desirable area of Stoke Newington.