NW11 Development, London

Under Offer
£33,000,000
  • Ref: 1000_RS0623
  • Type: Land
  • Availability: Under Offer
  • Bedrooms: 205
  • Bathrooms: 111
  • Reception Rooms: 102
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Property Summary

We are pleased to present an exciting investment opportunity in Golders Green, consisting of a residential development comprising of 9 studios, 36 one-bedroom flats, 38 two-bedroom flats, and 28 three-bedroom flats. The development has received planning permission

Full Details

We are pleased to present an exciting investment opportunity in Golders Green, consisting of a residential development comprising of 9 studios, 36 one-bedroom flats, 38 two-bedroom flats, and 28 three-bedroom flats. The development has received planning permission, and the sales price for each unit ranges from £250,000 to £800,000.
Asking Price: £33,000,000
Number of Flats:
9 Studios, 36 One-Bedroom Flats, 38 Two-Bedroom Flats, and 28 Three-Bedroom Flats.
Planning Permission Granted: Yes.
Sale Price:
Studios: £250,000 - £300,000 One-Bedroom Flats: £400,000 - £450,000 Two-Bedroom Flats: £550,000 - £625,000 Three-Bedroom Flats: £700,000 - £800,000
GDV and Uplift for the Buyer/Investors:
The Gross Development Value (GDV) of the project is estimated to be between £57,150,000 and £65,050,000. The median value of the sales is £61,575,000. Based on current market trends, we estimate an uplift of 20% for the buyer/investors.
Investment Highlights:
Planning permission already granted.
Highly desirable location in Golders Green.
Wide range of flat sizes to cater to different market segments.
Potential GDV of up to £65,050,000 with an estimated uplift of 20% for the buyer/investors.
We believe that this is an excellent investment opportunity for any investor looking to enter the residential development market in Golders Green. For further information, please do not hesitate to contact me.