Wokingham Bank

Wokingham Ex-NatWest Bank Development

On October 30, 2023, we acquired the former NatWest bank building in Wokingham through a competitive tendering process. This strategic purchase marked the beginning of an ambitious redevelopment project to transform this iconic building into modern, high-quality residential flats.

Permitted Development Success
Before exchange, we secured permitted development rights to convert the building into 8 flats. Additionally, we submitted a planning application for new windows to accommodate the 9th flat, achieving approval within 56 days through a re-submitted PD application. This proactive approach ensured that all flats would have the necessary natural light and ventilation, enhancing the quality of living for future residents.

Expansion Plans
Recognizing the potential to maximize the use of the building, we applied for planning permission to add two more flats in the roof space. After a detailed review, approval was granted, subject to a Community Infrastructure Levy (CIL) payment, allowing us to expand the project further.

Show Flat Completion
Just nine months after acquisition, the transformation is well underway. The show flat is now complete, showcasing our commitment to quality and attention to detail. This milestone marks the start of the sales process, and we are excited to welcome potential buyers to experience firsthand the unique charm and modern conveniences of this newly developed property.

Through meticulous planning, swift action, and efficient project management, we have turned a former bank building into a desirable residential space, reflecting our dedication to excellence in property development.