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Residential development opportunity

London, United Kingdom

72%

£12.500.000

Residential investment

#34168

Value-Add

28 Oct 2024

Property Details

Broker

Sold

63,011 sq.ft.

5,854 m²

GIA

59

198 £/sq.ft.

2,135 £/m²

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Freehold residential development opportunity with planning permission for conversion of the existing building & extension for 59 private apartments. Total of 59 private residential units, extending to 3,634 sq m (39,115 sq ft) NIA and 5,854 sqm (63,011 sq ft) GIA. The proposed development will benefit from exceptional connectivity being surrounded by a wide range of transport links from nearby stations. The site has a good public transport service PTAL rating of 4. The opportunity is being sold Freehold with the existing tenants in situ. The residential accommodation will comprise of 37 x 1 bedrooms, 21 x 2 bedrooms and 1 x 3 bedroom apartments extending to 3,634 sq m (39,115 sq ft) NIA. Within the proposed development, basement parking for 8 cars including 2 disabled spaces can be made available by separate negotiation.