Projects

107-117 & 133-141 Morning Lane, E9

We acquired a row of derelict shops and gained planning consent for 17 residential units, office space and commercial units and sold for £3.1m to Manhattan Lofts. They are now progressing with their ambitious plan of creating a fashion hub in Hackney and the sites they own can be identified by the black painted buildings as a status symbol.

2-12 High Street Stratford

We acquired the warehouse situated at 6-12 High Street for £3m, unconditionally from J Bullman & Sons, a carpet retailer and later on incorporated 2-4 High Street into the scheme. We gained planning permission for 191 units and the market crashed due to the recession. We managed to sell this site to Galliard Homes and Aitch Group during the worst economic downturn since 1992.

55 Tycehurst Hill, Loughton

Situated on one of the most prestigious roads in Loughton. Completed at £875,000. This was a 3 bedroom, 1400 sq ft house. We then gained planning consent for a basement, double storey side extension, double storey rear extension and a new roof structure was created to facilitate a new bedroom with en suite in the loft. Circa 3,200 sq ft. Due to be completed at £1.6m

56 Tycehurst Hill, Loughton

We recently gained planning consent for a large 8,000 sq ft house. This will be worth circa £2.5m+ once constructed. We have now submitted a new planning application for 6 large, prestigious flats using the same massing, bulk, height, access and characteristic. We have simply rejigged the layout inside to accommodate 6 flats to ensure that the scheme is not contentious. If approved, this will set a new precedence for flats on the road, which is currently occupied by single dwelling units. GDV £4.2m if built as flats.

35 Lower Hall Lane, E4

Acquired in the auction, we gained planning permission for conversion of pumping station into 8 flats and 5 new build houses. We subsequently disposed of this site, retaining the build contract as part of the deal. We have converted the 8 flats and have constructed the 5 houses to brick work, ready for the roof structures to be constructed. Work has now stopped due to the vendor wanting to submit an application changing the 5 houses to 15 flats

Shannons Centre, Seven Kings

Formally a nightclub, we JV’d with the landowner and used our expertise to gain planning consent for 34 units, none of which are designated for social housing and a commercial unit. We then found a buyer for £3.4m.

The Triangle, Beehive Lane, IG2 6U

Formally Johnson’s Cleaners Site, we acquired this unit for £350,000 and gained planning consent for 9 units plus commercial. We are looking to dispose of this unit for £1.3m.

240 Seven Sisters Road, N4

Formally a locally listed public house, we acquired this site for £950,000. We then gained consent for the local listing to be removed and we subsequently demolished the building and gained a pre app. We subsequently sold the site for £6.3m to a well known provider of student accommodation.

71 Ilford Hill, IG1

Formally a locally listed public house acquired for £1.5m. We managed to get the local listing removed and subsequently sold this site to Redbridge Council as part of their redevelopment of Ilford Station for £6.2m.

145-147 High Street & 9-11 Elmer Approach, Southend

A 9 storey mixed use retail and dilapidated office block, with triple A covenant tenants and an offer from a UK wide, triple A covenant gym operator to lease one of the commercial units at the rear and apply for a change of use from a4 to d2 use.

Acquired for £6.6m with the benefit of conversion to 72 residential units under PD, which was later improved to 140 flats. We are now looking to further improve the scheme by taking the building back to bare concrete, to add a further 2 storeys and reclad the building.

128-130 Grafton Road, NW

A warehouse property purchased with a tenant paying £59,000 annually. This was acquired for £1,275,000. We successfully negotiated a surrender of the lease with the lessee. We have now applied for planning permission to demolish the existing building and erection of a 6 storey building including basement comprising 6 x 2 bed flats and 3 x 3 bed flats. We currently have an offer of £3.5m STP.