Former British Volunteer Pub, Ashford now completed

Former British Volunteer Pub, Ashford

History

The original pub was converted by the army in the 1860s from two old cottages which stood alongside barracks after several licensees in the town refused to serve troublesome soldiers.

Like so many once vibrant traditional town centre pubs, it closed its doors during the summer of 2015 and remained boarded up.

The building was in fair condition but with a hole in the roof it has been partially exposed to the elements causing additional internal damage.

Galahad Developments Limited obtained planning permission to convert the building to create 6 apartments (4 x 1 bedroom and 2 x 2 bedroom).

Parking is provided for approximately 12 vehicles. The accommodation is arranged across two main floors. The ground floor has access to the front and rear

This is the very first NUE project in Ashford to receive loan funding.

Not only are we extremely pleased with the finished results but our loan has already been repaid (12 months) following the sale of the property to a housing association.

This means that we are able to recycle the money into another project to create even more new homes.

 

 

NUE Ashford project striding to the finish

Former British Volunteer Pub, Ashford

Our first loan supported project in New Street, Ashford is taking great strides to the finish line.

The former public house situated close to the centre of Ashford had remained boarded up for more than 12 months.

It was in fair condition but with a hole in the roof it has been partially exposed to the elements causing additional internal damage.

New owners Galahad Developments Limited obtained planning permission to convert the building to create 6 apartments (4 x 1 bedroom and 2 x 2 bedroom).

An interest bearing NUE loan was approved with a target project completion date of 9 months.

Parking will be provided for approximately 12 vehicles. The accommodation is arranged across two main floors. The ground floor has access to the front and rear

We will be updating this page with further images in the new year.

NUE steps in with first interest bearing loan

Lorne Road, Dover

No Use Empty has stepped in to help unlock Phase I of a development in Dover.

Without our support it is unlikely the five houses, which are all occupied, would have been completed for a considerable amount of time.

Following the success of Phase I, the owners intended to re-finance in order to commence work on Phase II to create seven new apartments. However this would have demoted the Council’s security to a second charge on the site, compromising its control and potentially being of greater risk if the site was not finished.

NUE/KCC worked with the developers to offer an interest bearing loan to ensure Phase II completes in a shorter timescale. As well as providing much needed quality homes for Dover, the new arrangement in place gives a more robust security for the Council.

The apartments are due to complete during 2017.

You can read more about this project and its energy efficient measures on Page 12 of our Bumper Edition newsletter

The owners of the site said, “No Use Empty threw us a lifeline for this site as the bank loan was only available for 12 months and planning permission took 14 months, The bank crisis came into place and we had a site that we could not develop on.”