Kian Court

kian court

 

The Developer bought this 2-storey office building called Kian Court in Eynsham and obtained planning consent to convert into 16 one and two-bedroom flats. We advanced £1,450,000 against a purchase price of £2,850,000. The Developer has many projects to his credit and we had a high level of comfort with them. We lent to the SPV with a first charge over the building along with Directors’ Guarantees. The project is now complete with the flats being successfully marketed by a local agency.

 

The office block was situated in a somewhat industrial area but within easy walking distance of the village centre and local amenities. The site offers country walks along the River Thames.

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