Carlton House, Wandsworth

Status: sold.

Category: planning and development.

Role: advisory to a private investor.

Holding period: less than 1 year.

Description

An existing office block with vacant possession in a prominent location was purchased unconditionally. Immediately after securing the site, an application for a Permitted Development Rights (“PDR”) conversion for 30 units was submitted. Discussions with the local authority for a new development began as well, with a view to secure a permission for a new development with double the density.

Prior to submitting an application for a new planning permission, the property was sold to one of the UK’s largest house-builders.

Skills needed:
past
Categories:
Past Investments

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