probe east hull voids project graham longbone 3 7 13
TRANSCRIPT
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East Hull Voids ProjectGraham Longbone
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Project Overview
Started 5 years ago Unique partnership between all sectors:
- PROBE (HULL) Ltd- Hull College (Construction)- Hull City Council- Private Sector (Building Merchants, Surveyors,
Architects, Solicitors, Estate Agents, Local Tradesmen)
East Hull Transforms
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Project Summary
Refurbish long-term voids Provide hands-on multi-discipline training Regenerate neighbourhoods Increase market value and demand for local
properties
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Business Plan
Based on a fiscal business plan 75% Purchase/Repair, 25% Lease/Repair Tenants are sourced via Preston Road Women’s
Centre Works towards long-term sustainability (recycles
EHCGP funding) Supported by local surveyors, solicitors, estate agents,
via service level agreements and codes of practice.
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Outputs
To date 12 properties acquired (2 sold, 5 leased and 5 ongoing),
Provided training for more than 200 local students, Employed 4 Apprentices, Used local SMEs, Project welcomed and integrated into local
communities
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Challenges
Ability to source properties, Condition of properties requiring refurbishment, Legal process, Timescales and refurbishment schedules, Cashflow
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Achievements
Green Gown Awards 2012 – Highly Commended, Hull College 2013 – Private Sector Partnership, Visit by the Secretary of State and Director General of
the CBI, Asset base and sustainability of PROBE (HULL) Ltd.
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What’s Next?
Refurbishment of The Cornmill into 18 ‘affordable’ apartments.