Zorin Finance has completed on a unique residential development in the desirable rural town of Henley-in-Arden.
The scheme, on 6.4 acres of land, will comprise of 10 new-build houses, 39 new-build retirement apartments and residential land with planning for 9 houses with 2 affordable plots. There will also be a further 15 luxury apartments developed within an attractive Grade II listed building which will benefit from this new lease of life.
All units will be finished to a very good specification, using a stylish modern design, befitting of the high value residential location. The apartments within the Grade II listed building will also benefit from period characteristics from its original construction date.
The retirement apartments will have access to communal amenities including a resident’s lounge with a multipurpose terrace space, a guest bedroom and a communal garden. There will also be a manager’s office, a WC, a mobility scooter storeroom as well as various storerooms, plant rooms and refuse stores. There are favourable senior demographics in this locality and the build specification of each apartment will be in line with a high-quality retirement specialist housing product.
With their own construction company, the borrower specialises in the restoration and development of listed buildings and has strong experience in the retirement property sector. The borrower will use their inhouse expertise to meet the demands of the local target market; a market they understand well as locals themselves.
Andy Scotting, Partner and Head of Origination at Zorin said: “The borrower has a superb track record in converting grade listed buildings to an exceptional standard and providing a high-end product, so we are delighted to support them with funding on this exciting development in the attractive and sought after market town of Henley-in- Aden in the county of Warwickshire.”