Prince of Wales House, Dover – No Use Empty Loan Awarded £ 175,000
The Prince of Wales House is a large detached property, in the centre of Dover, previously used as a YMCA, which has been empty for a number of years.
The redevelopment will see the demolition of the outbuildings, construction of a number of new properties, and conversion of The Prince of Wales House into residential units.
In total, the scheme will provide 35 units of accommodation (1&2 bedroom apartments) for sale, 11 of which will be sold on a shared ownership basis through a registered social landlord.
Phase I completed July 2009 and the Loan Awarded repaid in full 9 months ahead of schedule.