Built to Rent
—
Arts Tower
Arts Tower
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Gross internal area (GIA) psf
Net internal area (NIA) psf
Est. construction costs psf
Total construction costs
Professional fees 7%
Interest costs 4%
Land + net construction costs
Total construction costs
Project debt LTV
Equity required without sales
Unit breakdown
Studios
1 Beds
2 Beds
3 Beds
4 Beds
Average sales
00%
00%
00%
00%
00%
00%
00%
00%
00%
00%
PSF sales rates
£0 – 0
£0 – 0
£0 – 0
£0 – 0
£0 – 0
PSF
450,000
360,000
£200
£90,000,000
£6,300,000
£9,086,716
£113,565,500
£105,386,716
£102,208,950
£11,356,550
No. units
0
0
0
0
0
0
Arts Tower
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Saving
Current site price cash
Overage in units
Stamp duty 1/2 %
Legal fees
Tenure
Asset or corporate purchase
Interest costs 4%
Total site purchase costs
Debt LTV
Debt LTC
Equity required without mezz
Equity required with mezz
Option price
Planning cost £
Planning period
Planning uplift £
65%
65%
£400,000
£17,100,000
£-
£85,500
£80,000
Freehold
Corporate
£455,000
£17,265,500
£11,375,000
£11,115,000
£6,150,500
£5,890,500
£-
£400,000
24mths
£5,000,000
Arts Tower
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Further information
- High density residential mixed use scheme in Luton
- Inward investment estimated at £3Bn, from private developers & Council
- Excellent road and rail links to London
- 2 Towers with 250 Units per tower
Arts Tower
DownloadFact Sheet +
Further information
- High density residential mixed use scheme in Luton
- Inward investment estimated at £3Bn, from private developers & Council
- Excellent road and rail links to London
- 2 Towers with 250 Units per tower
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