Description

We have 9 units available and the developer has gone into administration and the units are repossessed. We have included the details below for your perusal.
Also included to download are the brochure and some pictures for reference, along with the floor plans.
Also included are comparable properties in the area for your reference.

There total of 14 units in the Development
Available Units:

2 KnightsbridgeLodge– 4 bed £925,000 – 2088 sqft approx.
2 St. JamesLodge– 3 Bed £825,000 – 1500 sqft approx.
1 St. JamesLodge– 4 Beds £800,000 – 1700 sqft approx.
2 MayfairLodge– 3 Bed £850,000 – 1740 sqft approx.
2 BelgraviaLodge– 3 Bed £800,000 – 1480 sqft approx.
2 St. GilesLodge– 3 bed £750,000 – 1400 sqft approx.
1 St. GilesLodge– 2 Bed £675000 – 1270 sqft approx.
1 GrosvenorLodge– 3 £725,000 – 1300 sqft approx.
2 GrosvenorLodge– 2 Bed £650,000 – 1200 sqft approx. (this unit is not a duplex but an amazing size)
Asking Price: £7,000,000.00 excluding freehold
Sold Units and Achieved Price:
1 MayfairLodge– 4 Beds Sold Price – £925,000
1 BelgraviaLodge– 4 Beds Sold Price – £885,000
1 KnightsbridgeLodge– 3 Beds Sold Price – £740,000
1 KensingtonLodge– 3 Beds Sold Price – £675,000
2 KensingtonLodge– 3 Beds Sold Price – £650,000

The receivers are happy to sell the freehold included in the price, there are enough parking spaces to accommodate two spaces per flat, the additional parking space can be sold for £25,000 each, however, they are willing to include them in the offer price without any additional cost to the potential buyer.
The prices above are lowered from the original asking prices, however, the GDV is over £7.5mil and the receivers are open to doing a deal between £5.2mil – £5.3mil including the freehold and all the available parking spaces, which is lower than the current asking price (listed above).

As you can see that the buyer of this development will be gaining over 25% profit straight away.

All the legal are in places which will help expedite the process.


500000
Area m2

27
Bedrooms

54
Bathrooms

Property ID

4789

Property Type

Development Sites

Area

500000 m2

Built in

2018

Status

Under Offer

1 in stock

Enquire about this property


Agent

Paul Holmes

Paul Holmes

GlobalHolmes Ltd

  • +44 (0)7402-711-111
  • info@globalholmes.com
  • https://globalholmes.com

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