Located in the conservation area in Ottery St Mary the two 18th century Listed Buildings were unoccupied and in a dilapidated state.
The buildings were redeveloped through a formal tender process as retail and apartments. The properties were sold on the open market, and the net profit returned to the revolving capital fund.
The Role of DHBT – Buy, lease and retain
The DHBT is a revolving buildings trust that may buy, renovate and sell for a profit. All profits are then used for subsequent projects.