Quality is remembered
A privately owned development and investment company specialising in both residential and mixed-use projects
Current portfolio
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No. 1 Market Place
Oundle
Description
Once overlooked and under-appreciated, 1 Market Place has been transformed into a vibrant retail/apartment building. This ambitious renovation project has not only injected life into a piece of Oundle's heritage but has also created a dynamic space where local businesses can thrive and the community can come together.
Date purchased
Spring 2021
Property comprises
Three retail units and four apartments.
Business plan
To revitalise this beautiful and fabulously located grade 2 listed building in Oundle town centre for long term hold.
Current status
The three retail units are fully let and three apartments have been comprehensively refurbished and are now available for short term lettings. The fourth apartment is let concurrently with one of the retail units.
Please visit Great Escapes Oundle for further details.
8 West Street
Oundle
Description
8 West Street was the home of Seven Wells butchers for almost twenty years and Johnson’s family butchers before that. The retirement by the Knight family and subsequent sale of the building, provided an opportunity to redevelop and repurpose this important building in Oundle Town Centre.
Date purchased
Late 2022
Property comprises
Originally one retail unit, one apartment
Currently: two retail units, one apartment
Proposed: six retail units, one apartment
Business plan
To transform the existing ground floor area into two retail units and secure a planning consent for an additional four units in the rear courtyard that are accessible to small businesses.
We envisage
• Leasing the units for short periods of time
• Making them affordable by not committing occupiers to 3 or 5 year full repairing & insuring leases
• Occupiers rotating their offerings with the seasons
To enable
• Independent traders or farmers to offer seasonal produce
• Local crafts people to display and sell their goods
• Small family businesses, who perhaps have relied upon internet sales previously, to take
space and enable direct sales
And provide space for
• Small start-ups to test a new product or idea from a low-cost base
• Local chefs or food providers to reach a new market
• Young entrepreneurs to take their first step into the world of real retail by providing short term affordable space
Current status
Stage 1 was completed with the refurbishment of Unit 1, which was immediately let to Savvi Travel, and now provides a valuable family run travel agency service to Oundle residents.
Stage 2 has just been completed and encompassed the full refurbishment of Unit 2 with the exciting addition of a new ‘shop’ frontage. The unit has been let to RTK architects.
Stage 3 will rejuvenate the ailing the courtyard to the rear. There are currently a number of dilapidated lean-to buildings which have been built over the last 35 years predominantly to house the fridges and storage facilities required for the butcher shop. These buildings are of poor quality and serve no useful purpose and are therefore essentially redundant. The vision is to reinvigorate this area, adding to the town centre’s current offering of retail units, with a strong link to its historic market town origins.
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4 Market Place
Oundle
Description
4 Market Place is wonderful classic Georgian fronted prominent building in the very heart of Oundle Town Centre with 4,080 sqft of space over four floors
Date purchased
Late 2022
Property comprises
One retail unit
Business plan
To hold for the long term and review future redevelopment potential of the upper floors
Current status
Fully let to Boots on a long FR&I lease
New Union Wharf
London
Description
New Union Wharf is a contemporary and striking riverside development built by the L&Q Group. All the apartments had two spacious double bedrooms and offered a modern open plan kitchen and reception room, perfect for entertaining. All benefitted from floor to ceiling windows flooding the spaces with natural light, while private balconies provided picturesque views of the river and courtyard gardens. Situated just a short stroll away from the newly created Wood Wharf, residents have easy access to the vibrant hub of shops, bars, and restaurants of Canary Wharf and its excellent transport links.
Date purchased
Late 2023
Property comprises
8 apartments
Business plan
Gracecliffe purchased these remaining stock units from L&Q at a discount to previously quoted asking prices with a plan to reposition the previously employed marketing strategy and sell the units during the course of 2024.
Current status
All sold
About Us
Gracecliffe Developments is a privately owned development and investment company specialising in both residential and mixed-use projects. We take pride in repositioning assets by improving their inherent qualities and maximising their space and value which in turn enchances the community they are serving.
We are actively seeking opportunities to add to our current portfolio.