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15 January 2007
Countryside Properties has joined forces with Retail Trust, the national charity for the retail industry, to breathe a new lease of life into their retirement community at Mill Hill Estate.
Following much deliberation to find a suitable partner, Retail Trust has sold their ‘Chalet Site’ of 86 properties, including 71 bungalows and 15 apartments, to the leading developer. The properties will be totally rejuvenated by Countryside Properties and put onto the open market for the over 55s.
The sale of this site has released a large equity for Retail Trust which provides support for those working in, or retired from, the retail industry when they or their families need it. Retail Trust’s current Chalet Site residents have all been re-housed in the re-developed Marshall Estate part of the Mill Hill Site and are settling in well to their new homes and surroundings.
The site is over 100 years old, set in eight acres of wonderfully mature parkland, with great views over North London. Most of the homes were built between 1929 and 1938 and require substantial renovations which will commence in January 2007. This will include altering the internal levels to provide level access, rewiring, new heating systems and new kitchens and bathrooms.
Chris Crook, Subsidiary Managing Director for Countryside Properties, comments: “These refurbished bungalows will be unique; traditional on the outside, with contemporary new fittings to provide you with everything you could need for your comfort and convenience on the inside. This is such a rare opportunity - bungalows like this in such a rural setting so close to London almost never come on the market.”
Linda Davis, Managing Director of Retail Trust said: “We are thrilled to be working with Countryside Properties on the re-development of such a great site. We specifically chose Countryside Properties because of the company’s reputation for quality, and we know that the site will be re-developed sensitively and remain at the heart of the local retirement community.”
The homes will be marketed by leading local agent, Preston Bennett. For further information telephone 020 8954 8626 or visit www.countrysideproperties.com/homes. For further information about Retail Trust, telephone 020 8201 0110 or visit www.retailtrust.org.uk
Issued on behalf of Countryside Properties by Harrison Cowley
MEDIA CONTACTS: Joanna Bentley or Amy Lambert on 020 7404 6777 or email Joanna.email@example.com
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Information correct as at 15/01/2007