probe east hull voids project graham longbone 3 7 13

East Hull Voids ProjectGraham Longbone

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

Project Summary

Refurbish long-term voids Provide hands-on multi-discipline training Regenerate neighbourhoods Increase market value and demand for local

properties

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.

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

Challenges

Ability to source properties, Condition of properties requiring refurbishment, Legal process, Timescales and refurbishment schedules, Cashflow

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.

What’s Next?

Refurbishment of The Cornmill into 18 ‘affordable’ apartments.