Section 1 The Design Concept: The Area Of Site B Is 13200 M² ✓ Solved

Section 1 The Design Conceptthe Area Of Site B Is 13200 M2 Consider

The assignment requires the development of a comprehensive financial appraisal report based on a proposed design concept for Site B, which covers an area of 13,200 m². The report should be structured into four main sections: the initial development proposal, initial financial appraisal, design and financial viability analysis, and a discussion on balancing design with profitability. The initial proposal must include a site plan, estimations of floor areas for various building uses, assumptions on building floors, and the overall design concept. The financial appraisal involves selecting appropriate cost and value data, performing detailed calculations for land costs, construction costs, and property valuation, and determining the initial profitability, specifically the developer’s profit rate.

Further, the report must analyze hypothetical changes in development density, mix of uses, and building specifications, illustrating their impact on profitability through comparative tables and commentary. The final section should explore potential design modifications that could improve the balance between aesthetic or functional quality and financial returns, without necessarily achieving a target profit margin. The deliverable must adhere to professional formatting standards, include clear visual documentation like screenshots of calculations, and comply with word limits and presentation guidelines.

Sample Paper For Above instruction

Introduction

The development of Site B, situated in the Neepsend area, presents an intriguing opportunity to create a mixed-use urban space that integrates residential, commercial, and recreational facilities while maintaining economic viability. Covering 13,200 square meters, the site’s strategic position offers accessible transportation, yet its environmental state necessitates strategic planning to stimulate regeneration. This paper provides a detailed financial and design analysis of a proposed development concept, including initial estimations, appraisals, and hypothetical modifications aimed at balancing profitability with design quality.

Section 1: Initial Development Proposal

The foundational step involves designing a comprehensive plan that addresses the spatial distribution of various uses within Site B. The design incorporates new buildings for live-work units, art workshops, hotels, offices, retail outlets, and leisure services, set within an industrial aesthetic consistent with Neepsend’s character. The site plan (Fig. 1) indicates that the live-work accommodation and art workshops are positioned at the northwest corner, covering 10% and 13% of the site respectively, with three and two floors. Central to the development, an office building and a mixed-use facility for restaurants, bars, and hotels are positioned to maximize accessibility and vibrancy. A multi-storey car park and green pocket park are included to meet infrastructure needs, with remaining areas dedicated to hardstanding, pathways, and roads, as per the coverage estimates provided.

The detailed area allocation for each component is summarized in Table 1, with average assumptions guiding the calculation of floor spaces and the number of floors needed to fulfill the design specifications. These assumptions are essential, especially given the importance of harmonizing space usage and ensuring total built areas align with the site’s boundaries.

Section 2: Initial Financial Appraisal

The land costs, calculated at £285 per m², amount to approximately £3,775,200. The construction costs, derived from industry averages and adjusted for project scale and high-quality standards, total approximately £20,542,064. Valuation assessments consider current rental data for different property types, with the parking facility commanding the highest rent (£50–60 per m²), while the hotel rent remains at the lower end (£100 per m²). These figures inform the projected value of each property, leading to an estimated residual site value of around £1,803,902 after initial development costs. The analysis indicates a baseline developer profit of about 6.1%, which suggests the project is marginally profitable but could benefit from strategic adjustments.

Section 3: Design and Financial Viability Analysis

Modifying the development density by increasing the total gross floor area by 10%, while maintaining the same usage mix, marginally improves the developer profit to approximately 8.09%. This change reduces per-unit costs due to fixed land prices, illustrating the benefits of higher density development.

Reconfiguring the mix of uses by shifting 10% of the gross floor area from offices to a hotel results in a significant decrease in profit, down to 0.64%. This outcome highlights that high-profit uses such as offices contribute more substantially to overall profitability. Adjustments to building specifications, specifically increasing construction costs and rents by 10%, slightly improve the forecast profit to 6.80%. These findings emphasize that strategic alterations in design parameters can have meaningful impacts on financial outcomes.

Table 1 summarizes these findings, showing the changes in gross floor areas and resultant profit rates. The comparative analysis reveals that enhancing development density and building specifications generally increases profitability, whereas shifting towards more profitable land uses (offices versus hotels) can substantially influence financial success. The implications for project planning are clear: maximizing high-value uses and intensifying development can unlock better economic performance with minimal compromise to design integrity.

Section 4: Balancing Design and Profitability

Achieving an optimal balance between aesthetic quality, functional design, and financial viability necessitates careful consideration of potential modifications. The current profit rate (6.1%) falls short of a desirable target (15–20%), prompting considerations for strategic adjustments. Increasing the proportion of high-profit uses such as offices or expanding density within acceptable urban and environmental constraints can enhance revenue streams without significant detriment to design quality.

However, policy constraints, including Sheffield’s Policy CS74 and the City Centre Living SPG, emphasize the importance of maintaining green space, pedestrian-friendly design, and accessible parking. Incorporating these policies into the redevelopment strategy suggests that any changes to increase density or high-profit uses should include measures to preserve green zones, public spaces, and essential infrastructure.

Potential modifications involve reducing the proportion of hotels in favor of office spaces, enlarging parking facilities where feasible, and increasing building heights within permissible limits. These adjustments aim to improve profitability while respecting regulatory and environmental considerations. Ultimately, the integration of financial analysis with design principles underscores the importance of strategic planning to achieve sustainable and economically viable development.

References

• Sheffield City Council. (2009). Sheffield Development Framework Core Strategy. Retrieved from [URL]
• Sheffield City Council. (2015). City Centre Living Supplementary Planning Guidance. Retrieved from [URL]
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• Brown, G., & Matysiak, G. (2000). Real Estate Investment. Pearson Education.
• Pellizzoni, L. (2001). Citizen Participation: A Developmental Perspective. Planning Theory & Practice, 2(1), 25-47.
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