High-end Residential Development
Attractive riverside location in a highly desirable residential area of South West London. Close proximity to Mortlake and Barnes Bridge railway stations.
Acquired with VP, modern office building 17,000 sq ft, 24 car parking spaces and two commercial units. Prior approval achieved for conversion into 14 flats, and planning for an additional floor to give 2 penthouse units.
Joint venture with Ashbury Bloom and Moran Construction as contractors. Currently a month away from completion, and plan for open market sale.
| Property Type | Residential |
| Initial Cost | £10m |
| Date Acquired | Jan 2017 |
| Expected Expenditure | £5m |
| Expected Sale Date | Oct 2018 |
| Projected Exit Value | £23m |
| Projected MM | 4x |