SOLD: £6.3m Upside: PCL Plot with Planning for 2 Luxury Houses

London Property Finder Ludgrove has sourced a development opportunity in Prime Central London with planning permission granted to create 2 luxury houses. Looking at recent comparable sales Ludgrove estimates the two properties will be valued at c£8m apiece post completion.

The asking price for the plot is £6m and given the stressed nature of the seller, Ludgrove would expect the Buyer to Exchange around c£5.3m. With Stamp Duty, Development Costs and Professional Fees, Ludgrove expects the Developer to be all-in for c£9.9m, leaving around £6.3m upside on the table at current market values.

When the c£6.3m of upside is added to the c£0.7m discount to the asking price, Ludgrove has sourced an opportunity offering c£7m in value to the Purchaser.

Summary details are outlined below. For further information please contact:

Fraser Slater

Chief Executive

Ludgrove Property

43 Berkeley Square

London W1J 5AP

Tel: +44 (0)207 889 2860

*Note: Ludgrove pays 20% commission to Introducers ...

Disclaimer: Ludgrove Property Limited is not authorised or regulated by the Financial Conduct Authority (FCA) and we do not provide any financial or investment advice.  We recommend that any property investor seeks appropriate professional advice before entering into any contract, and we would also advise that the value of any investment can go down as well as up and that you might not get back what you put in. You may have difficulty selling a property investment at a reasonable price and in some circumstances it might be difficult to sell at any price. We would urge you not to invest unless you have carefully thought about whether you can afford it and whether it is right for you, and if necessary to consult with a professional advisor in accordance with the Financial Services and Markets Act 2000. All information is provided strictly as a guide only, is subject to change without prior notice and does not constitute an offer of investment. This website should not be regarded as an offer or solicitation to conduct investment business, as defined by the Financial Services and Markets Act 2000. Investors who are resident in or citizens of countries other than the United Kingdom may be subject to local restrictions. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services offered in this site. The information on this website has been obtained from sources which we believe to be reliable and accurate, but without further investigation this cannot be warranted.