The property (pictured above) was purchased for £515,000 with a market value of £650,000.
The semi-detached Victorian building was originally a residential dwelling, but since 1958, it has been used as offices.
In September 2017, permissions were granted to convert the property back into a single residential dwelling.
The bridging and development lender worked with Peter Warner – an experienced real estate developer – on the project.
“We are extremely pleased that we have been able to assist with the funding of the borrower’s development in Haslemere,” said Zuhair Mirza, principal at Avamore Capital.
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“Peter was a great investor to work with and had a clear vision as to what he wished to achieve.
“We look forward to working with him on further exciting projects in the future.’’
Peter said he was introduced to Avamore as a reliable source of bridging finance for a property acquisition.
“The timing was very tight to meet the exchange deadline.
“The team at Avamore worked closely with both my advisers and myself, they didn’t just hit the deadline, but did so with clarity and transparency that gave me confidence throughout the process.
“I look forward to dealing with them on an ongoing basis.
“It was an excellent service.”
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