£12.500.000
Confirmation
Residential development opportunity
London, United Kingdom
Residential investment
#34168
Value-Add
28 Oct 2024
Property Details
Broker
Sold
63,011 sq.ft.
5,854 m²GIA
59
198 £/sq.ft.
2,135 £/m²Freehold
Fees
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.
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