The Goldhawk

Hammersmith

The Opportunity

Vacant public house on Goldhawk Road, Hammersmith, with four income producing apartments.

Strategy

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.

Implementation

Permission refused on 2 occasions. Permission eventually granted following court appeal after 24 months. Sold with planning permission for 10 apartments.

Results

IRR: 78%
Time in planning process: Aug-13 -> Dec-14

A colour CGI image of the Goldhawk, Hammersmith public house to apartment property development of Westhill