30,000 sqft office in SE1; legislative changes allowing permitted development of conversion to residential.
Acquire building and obtain permitted development or full planning for conversion to residential over artists’ studios.
Obtained permitted development of 34 apartments. Engaged renowned architects, CZWG, to maximise value through efficient and trendy scheme. Employed branding agency, Hudson Fuggle, to create “buzz” around the development and drive sales.
Profit on cost: 51%
Purchase: December 2013
Time in planning process: 2 months (permitted development)
Last sale: July 2017