Vacant public house on Goldhawk Road, Hammersmith, with four income producing apartments.
Obtain planning for change of use to residential (C3) within 12 months. Monitor the market and either develop or sell with the benefit of planning permission.
Permission refused on 2 occasions. Permission eventually granted following court appeal after 24 months. Sold with planning permission for 10 apartments.
Profit on cost: 101%
Purchase: December 2012
Time in planning process: Aug-13 -> Dec-14
Sale: April 2015