SOLD: Distressed Property in Heart of Mayfair with c£3m Upside Potential
Updated: Aug 18, 2022
Ludgrove has access to a distressed sale of a Freehold property in the heart of Mayfair with the potential to net the new owner a c£3m gain. The property comes with full planning permission and requires a complete renovation and an extension. On completion the property will span c4,000 square feet and include:
A Grand Living/Dining Room (c1,000 sq ft)
South Facing Roof Terrace
Master Bedroom with “His and Her” dressing room en-suites.
4 double en-suite bedrooms
Media Room
Staff Accommodation
Off-street parking with 2 Integral Garages
Luxury/Turnkey finish with Marble Bathrooms, Underfloor Heating, Lutron Lighting, Ceiling Speakers etc
The asking price is £5.4m and after factoring in stamp duty and development costs the new owner will be invested for c£7.25m. At current market values we estimate a value on completion of £10.3m, leaving the new owner with a c£3m increase in equity. The works will take approximately 18 months.
If you’d like to find out more about this excellent opportunity, get in touch with Ludgrove. As well as sourcing opportunities we offer a turnkey development service right through to completion and hand-over.
Fraser Slater
Ludgrove Property
43 Berkeley Square
Mayfair
London W1J 5AP
Tel: 0207 889 2860
Email: info@ludgroveproperty.com
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.