Published: 10th October 2024
Following our previous post on 3rd September 2024, we were excited to announce that Linden House has finally secured planning consent, marking a significant milestone in our journey. This achievement opens up new possibilities for the future of the property. However, as we look to the next phase, it’s important to acknowledge the challenges we now face.
The current market climate has shifted considerably since we began this process. The lengthy planning approval has meant that we are now navigating a different economic environment, one that presents a unique set of challenges for property development and investment.
Challenges We Face:
- Market Conditions: The real estate market has undergone significant changes, and we are now dealing with increased costs and a more cautious funding climate.
- Ongoing Maintenance Costs: Throughout the extended planning process, we have invested substantial resources in maintaining the site. Keeping the property in good condition while it remained vacant required considerable financial and operational effort.
- Additional Investment Needs: With planning consent now secured, the property requires further investment to bring our vision for Linden House to life. We recognise that additional funding will be needed to make the necessary improvements and upgrades to the facilities.
Looking Forward: As we move forward, we are actively exploring options to raise the funds needed to proceed with the planned works. While we remain committed to developing Linden House into a vibrant, attractive site, we are also considering alternative avenues that may help us navigate the current financial and market challenges.
Our focus remains on making Linden House a premier property that offers exceptional value to its future occupants and the surrounding community.
We will continue to keep you updated as our plans evolve, and we look forward to sharing more exciting developments soon.