Axis Tower

Whitworth Street – Man CC – Split Plots – STD Residential

Brief

Having sold the majority of plots in this popular city centre development, the developer was left with several higher premium units which remained unsold.

Role

The developer explored obvious solutions which fell short of statutory fire compliance.

JMDC was able to propose a solution with plans that reduced unnecessary restructuring, which together with the financials highlighted an uplift in the developments projected profit were consequently accepted.

Term

12 weeks (all four units were sold within 5 weeks of commencement)

Cost

£160,000

Original plot values –

2 x 3 bed plot @ £380,000 each

Total £760,000

Actual plot values –

4x 1 bed plot @£290,000 each

Total £1,160,000

Additional profit realised to developer - £240,000