Chancery Lane Residential Development, London
Purchased as an office property, planning approval has been obtained to develop 36 high specification apartments in a prestigious residential area of London.
- The property occupies a prominent midtown London location in easy reach of the West End and the City.
- Purchased as an office property, the ground floor retail unit was simultaneously sold to an institutional investor.
- Working with a specialist developer, planning approval was obtained for a change of use to residential accommodation. The development will comprise 36 residential units ranging from studio to 3 bed penthouse units, finished to a high specification.
- Residential values in this area have risen rapidly as it has become more established as a residential location, with both domestic and international purchasers attracted by the location and relative value compared to other parts of the city.