HJ Collection has recently expanded its property portfolio with a strategic purchase of a commercial site in Weybridge, Surrey. The site, acquired for £3.5 million, spans 19,655 square feet and is set for a transformative development into residential units.

The ambitious plans laid out by HJ Collection involve utilising permitted development rights to convert the existing space into 26 modern residential dwellings. This development will feature a mix of five studio apartments, 14 one-bedroom apartments, and seven two-bedroom apartments, catering to a variety of residents.

The total build cost for the project is estimated at £4.3 million, with expectations to reach a Gross Development Value (GDV) of £9.8 million upon completion. This venture not only highlights HJ Collection’s commitment to enhancing the residential landscape but also its initiative to address the housing shortage by converting commercial spaces into high-quality homes.

Reece Mennie, the founder and CEO of HJ Collection, shared his enthusiasm about the project and the company’s broader mission. “For the past five years, we’ve been dedicated to revitalising previously overlooked commercial sites into premium residential properties across the UK,” said Mennie. “Our venture in Weybridge marks our first foray into Surrey, setting the stage for further developments within the county. The progress we’ve made in just a few weeks since the acquisition is promising, and we look forward to contributing positively to the local housing market.”

This project in Weybridge is a testament to HJ Collection’s growth strategy and its role in providing modern, accessible housing options while aiding in the alleviation of the national housing crisis.