London Prime Investment Opportunity! Gross Internal Area is 395 SQM (4,226 sq ft)

This property presents a rare convergence of location, potential & profitability.

Gross Dev Value £5,200,000.

We have identified a prime off-market investment opportunity that We believe is highly suitable for you according to your investment criteria.

We are advised that the property is connected to all mains services.

We have been advised that the property is not statutorily listed and nor is it situated within a conservation area. All interested parties are to rely upon their own planning research and due diligence prior to bidding.

The property has an EPC rating of C (65).

Inviting unconditional offers for the freehold interest with vacant possession upon completion. VAT will be payable in addition to the purchase price.

Executive Summary
• Freehold Mixed-Use Building with the potential to convert into 12 residential units with further potential to provide more units.
• Situated 0.1 mile from the High Street
• Situated just a 0.3 mile from Station.
• Existing dwelling is arranged over lower ground, ground, first and second floors.
• Gross Development Value in the region of £5.2 million (conservative valuation)
• Development Costs expected to be in the region of £1,950,000.
• Freehold
• Guide Price - £1,000,000 Subject to Contract

Projected Profit & Loss Statement:
Land at guide price In £
Gross Dev Value £5,200,000
Purchase Price £1,000,000
Stamp Duty £77,250.00
Solicitor Fees £3,500.00
Sourcing Fees 3% plus VAT £30,000.00
Total Purchase Cost: £1,110,750.00
Development Costs £1,949,314.00
Marketing & Sales £52,000.00
Finance Cost - 10% @ 60% LTV £624,000.00
Total Dev Costs Incl Other Costs £2,625,314.00
Total Costs Incl Purchase costs £3,736,064.00
Net Profit before Tax £1,473,936.00
Profit on GDV% 28.34%

Rental Summary:
Exp Annual Rent £275,000.00
Gross Yield 5.29%

OUTLAY: without finance
Total Capital Required: £3,102,064.00
Return On Investment % (24-month project) 47.51%
Annualised Return on Investment: 23.76%

OUTLAY: with finance
Total Capital Required: £606,064.00
Return On Investment % (24-month project) 243.20%
Annualised Return on Investment: 121.60%

Engagement and Fee Structure:

For the avoidance of doubt, I am not retained by the vendor and therefore would need to act for you in the acquisition with my fee of 3% + VAT in line with my property sourcing agreement.

This property presents a rare convergence of location, potential, and profitability. And I believe it offers an exceptional value proposition that aligns with your investment objectives.