Client:
Mint Property Finance and borrower, Saha Properties Ltd.
The Role:
Independent Monitoring Surveying
Location:
8 Barnet Road, London
The Brief:
To manage and protect the interests of the lender and monitor progress, quality, cost and adequacy of funding, and statutory compliance for the development.
This project included the demolishment of an existing North London dwelling and the erection of a brand-new, two-storey, five-bedroom home with associated refuse recycling and cycle storage.
On behalf of the client, we were appointed to attend the site on a monthly basis to provide ongoing Monitoring Surveying services throughout the 12-month construction programme.
Our surveyors collaborated with the lender and the borrower to ensure all financial risks were mitigated and the development was carried out in line with the planning permission.
Project Outcomes:
The development commenced in October 2021 and was completed within the development budget in October 2022. Over this period, our surveyors conducted monthly site visits to the property on Barnet Road, communicated between the client and the project developer, and executed thorough inspections of the works.
Our monitoring services began at the start of the demolition phase and continued until the construction of the five-bedroom property was complete. The property has been holistically designed, constructed to be ecological and environmentally friendly throughout its lifetime.
Our surveyors anticipated and addressed any potential risks that could have impacted the development to help ensure it is carried out successfully. The new property was completed to an exceptional standard of finish by the developer.
Dave Gregory, Portfolio Manager for Mint Property Finance, commented: “Sillence Hurn have been our eyes and ears on this case and provided good, timely reports, enabling us to monitor the development and release funds appropriately. Steve was always available to discuss the project in more detail if required.”
The new two-storey property was designed and completed with a cinema room, feature lights, marble fireplace, and baths. The stunning new property is now valued at £4-million.
Independent Monitoring Surveying solutions
You can find out more about our Monitoring Surveying here or email for more information: enquiries@sillencehurn.co.uk
