Development Proposal of Matilda Street by ChoKinYew

Matilda Street Site

YewZai — 2014-08-07 12:32:54 UTC

108 Matilda St, Sheffield, South Yorkshire S1 4QF

Building Elevation

YewZai — 2014-08-07 12:55:20 UTC

Rear Elevation of building

Building Elevation

YewZai — 2014-08-07 12:58:58 UTC

This is a 3 storey property and currently in storage uses

Key Consideration (1)

YewZai — 2014-08-07 13:15:36 UTC

*site condition

Included site access, topography, orientation.

Matilda Street is only access for mobile plant and equipment.

Building is land on sloping area, soil investigation is vital for soil condition.

*Safety

Unwanted material internally or externally shall be removed.

Any toxic substances shall be refer to professionals.

Key Consideration (2)

YewZai — 2014-08-07 13:27:57 UTC

*Suitability of existing structural

Key for redevelopment or refurbishment action

Overall building condition is satisfied

*Environmental Impacts

Any activities on site shall not cause any pollution to land, water quality, air or affecting resident's health

*Regulation and Legal Framework

The site is a FLEXIBLE USES AREA, which storage/warehouse is unacceptable

Building Layout Plan

YewZai — 2014-08-07 14:29:45 UTC

Built area = 198m2 (appx.)

Gross Floor Area

187m2 (G.F),

192m2 (L1),

194m2 (L2)

Development Proposal

YewZai — 2014-08-07 14:36:43 UTC

There are 3 alternative development proposal has been made for this site. The intention of the proposal is to maximize the investment potential for that area.

Conservation Area

YewZai — 2014-08-07 14:48:35 UTC

The site is located within Cultural Industrial Quarter. Under Sheffield City Council Planning, this area is under CONSERVATION AREA. The appearance and outlook must be reserved while the uses of building can be varies.

Condition Survey Templates

YewZai — 2014-08-07 15:01:03 UTC

The following result is the outcome of the site survey

SWOT Analysis

YewZai — 2014-08-07 15:05:39 UTC

The SWOT analysis is conduct to evaluate the strength, weakness, opportunity, threats of each proposal.

Proposal A: Student Accommodation

Proposal B: Budget Hotel

Proposal C: Commercial office with shop

PEST Method

YewZai — 2014-08-07 15:27:44 UTC

Politic

Planning Policy

Conservation Area

Economic

Employment opportunities

Market Growth

High demand, limited supply

Social

Rate of Population

Culture & community

Technological

Innovative Technology

Green Technology

Proposal

YewZai — 2014-08-07 15:38:07 UTC

In term of sustainability, commercial block will be more sustainable than other 2 alternative by providing employment opportunities, enhance business economy, integrated people within community

In technical aspect, the design of commercial block is simply and modern technology can helps to improve building performance. No special design or services is required

In term of economic, commercial block will could have high rental return as the demand is high. While Sheffield is not a tourist attraction, budget hotel is not a good investment. Student accommodation will have limited residential and respectively return is not high as compare to commercial block

Development Appraisal

YewZai — 2014-08-07 16:02:19 UTC

Total development of commercial block = £ 500k

including dismantle, refurbishment, consultancy fees

Return of the development will be approximately

= £63k/annum for rent out

VIABILITY

YewZai — 2014-08-07 16:05:47 UTC

The investor will have payback period of 8 years after refurbishment work done.

The Annual Average of Rate of Return is 12.51%,

& The IRR rate for this proposal is 11.73% that ensure building is feasible whenever rate is lower than it

Therefore, proposal of commercial office block is viable, which can generate return of 12.51% for invested capital.

After 8 years time, investor can start to obtain revenue from the proposal.