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Luxury residential development – Soho, London; Office conversion to residential: 24 units, total residential space 19, 655 Sqft, two Commercial units, 2, 127 Sq ft, combined total space 21, 782 Sqft. (Pre-agreement available for the commercial units only – Retail (Non-food)). Total equity required £11.55 Million, IRR 25.23%, GDV £59, 1 Million GBP-----------------------------------------------------------------------------------------------------------------------------------------------
Luxury residential development – Buckingham Gate, London; Office conversion to residential: 19 units, total residential space 27, 954 Sqft, 14 underground car parks, 2, 127 Sq ft. 3 minutes’ walk to Buckingham palace. Total equity required £11 Million, IRR 24.68%, GDV £68 Million GBP----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
By way of an example we did a similar project in Portman sq., London, completely invested, 16 superstar luxury units selling for £5 to 7.5 Million per unit. 14 out of 16 are sold out off-plan, only two remaining, i.e. well ahead of marketing schedule as the project is not due to be completed even until February 2016. This shows the strength of the London luxury residential market. The units are unique large lateral apartments and occupy the entire floor of the two buildings on separate floors with a total of 2, 800 sq. ft. each. The impressive historical features together with the 4.8 meter high of ceiling height gives a wonderful feeling of space and status to its owner. With an impressive living space and a superb master bathrooms the apartments are part of this precious the collection in an area of London swamped with the London and international elite-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Further information available to serious and interested parties. Please note we are not looking to commission a brokerage and will only respond to requests from potential equity partners directly or intermediaries representing mandates.
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