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.

 

Acquisition closed:

11/2013

Location:

51.514 North
0.111 West

 

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