Completed transaction
£600k town centre investment & residential conversion
Bournemouth
Owner-funded bridging finance supporting the acquisition of a prominent freehold town centre investment with existing commercial income and approved residential conversion.
£600k Facility • 55% LTV • First Charge • 12 Month Term
Transaction overview.
The opportunity
Funding a prime town centre investment with planning-led value creation.
The borrower required a £600,000 owner-funded bridging facility to acquire a prominent freehold commercial building in the heart of Bournemouth town centre.
The property generated immediate commercial income from an existing 10-year retail lease while benefiting from planning permission to convert the upper floors into four residential apartments. This created an investment combining stable income with significant asset enhancement potential.
Our approach
Looking beyond the existing investment.
Our assessment considered both the current income-producing asset and the opportunities to create additional long-term value.
The property occupied a prominent position within Bournemouth’s retail core and already benefited from a long-term commercial lease producing £55,000 per annum. In addition, planning consent had been granted to convert the upper floors into four residential apartments, providing a clear strategy to unlock further value from the building.
The independent valuation concluded there was very good potential to release additional latent value through completion of the approved redevelopment, reinforcing the strength of the investment.
With lending at approximately 55% loan-to-value, the transaction provided a conservative security position while supporting the borrower’s investment strategy.
Outcome
Supporting a commercial investment with multiple value drivers.
The completed £600,000 facility enabled the borrower to acquire a landmark freehold property combining immediate commercial income with approved residential conversion potential.
The transaction demonstrates our ability to support borrowers acquiring assets where value is driven by both existing income and planning-led asset enhancement opportunities.
Transaction highlights
- £600,000 facility
- £1.1 million property value
- 55% LTV
- Prime Bournemouth town centre
- Existing £55,000 p.a. commercial income
- 10-year retail lease
- Planning permission for four apartments
- Residential conversion opportunity
- First Charge security
- 12-month facility
Why we backed this opportunity.
Prime town centre location
A prominent freehold building on Old Christchurch Road, opposite the Lower Pleasure Gardens and within Bournemouth’s established retail core.
Existing income
The property was secured by a 10-year commercial lease producing £55,000 per annum, providing immediate income from completion.
Planning-led value creation
Planning consent had already been granted to convert the upper floors into four residential apartments, creating a clearly defined opportunity to enhance the property’s long-term value.
Conservative lending
A 55% loan-to-value ratio, supported by a first legal charge, debenture and personal guarantees, provided a disciplined lending position while allowing the borrower to complete the acquisition with certainty.
Every opportunity is assessed on its own merits.
This completed transaction is provided as an example of the types of opportunities we support. Every enquiry is assessed individually, taking into account the security, borrower, exit strategy and overall commercial merits of the transaction.
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