List of Development & Investment Opportunities

Whilst our main focus is acquiring properties for homeowners we also source properties for developers and investors. Below we list a few of our current opportunities.

Please note full details are available to our retained clients only. Please contact us on 0207 889 2860 or email us at info@ludgroveproperty.com to find out more:

Watford

• Brief Description: Airspace opportunity for 7 apartments

• Planning Granted.

• Asking Price: Offers Invited.

• GIA: 4,200 sq ft

• Tenure: Freehold

• Ref: PR-GPLG

Alexandra Palace

• Brief Description: Land with planning for 6 modern design, new build houses

• Asking Price: OIEO: £2m

• GIA: 7,500 sq ft

• Tenure: Freehold

• Ref: MV-RS

Walton on Thames

• Office to mixed use conversion with scope for 45 apartments & 21,000 sq ft of commercial.

• Asking Price: £3.75m

• Approx GDV: £20m

• £193,000 passing rent (5% yield at ask)

• Ref: CM-MC

Letchworth, Hertfordshire: Investment Opportunity

• Office to Resi conversion

• 22 apartments

• GIA: c12,000 sq ft

• 10 yr Warranty

• 35 mins to Kings Cross by train

• OIEO: £3.65m

• Practical Completion: July 2021

• Ref: HD-MV

Brixton

• Site with planning to create 14 storey mixed-use scheme with 36 apartments and commercial space.

• Guide Price: £5.5m

• Approx GDV: £20m

• GIA: 44,000 sq ft

• Tenure: Freehold

• Ref: SOH-GPLG

Notting Hill

• Brief Description: Apartment Block with planning granted to extend.

• Asking Price: £3.75m

• Approx GDV: £6m

• GIA: 3,000 sq ft existing. Proposed c4,000 sq fq ft.

• Tenure: Freehold

• Ref: RL-AMAR

Edgware Road, London

• Brief Description: Mixed-use apartment block with upward extension potential (STP)

• Asking Price: £3.95m

• ERV: £225k

• Yield: 5.7% at the ask.

• GIA: 5,400 sq ft

• Tenure: Freehold

• Ref: RE-ECMP

Reading: Repossession of Part-Developed Block

• Part Complete Apartment Block of 60 unit near Reading

• Estimated Rental Value: c£670k

• Approx £350k of works outstanding.

• Implied Yield 6.7% at the ask.

• Potential to seek secure income stream via local housing association.

• Asking OIEO £10m.

• Ref: BHT

Kensington

• Fire damaged property on prime Kensington street with planning approved for 4 luxury apartments

• GIA: 6,441 sq ft

• Asking: OIEO £8.5m or £1,320 PSF (low for the area).

• Approx GDV £12.5-£14m.

• Commercial Stamp Duty likely (uninhabitable) and likely VAT on works 5% (uninhabited for 2 years)

• Tenure: Freehold

Chelsea

• Period house on prime Chelsea street with exceptional views over garden square and the River Thames.

• Significant development potential and good planning precedents set by neighbours.

• Purchase price: £6.5m

• Approx GDV: £11-12m

• Freehold

Bayswater

• Brief Description: 40 Bedroom HMO with Development Potential and high £ PSF comparables nearby. GIA: 10,000 sq ft

• Purchase Price: £9.5m

• Approx GDV: £18m (STP)

• Commercial Stamp Duty.

• Tenure: Freehold

• Ref: SGK-NC

Manchester Apartment Block: Investment Opportunity

• 34 Apartments

• Fully Furnished

• £750,000 Estimated Rental Value (with 2 year rent guarantee on offer)

• 5.8% yield at the ask

• Practical Completion: July 2021

• Freehold

• Guide Price: £12.95m (open to offers)

• Ref: RB-SJ

Knightsbridge: Two terraced houses with Development Potential

• Potential to refurbish, extend and create lateral apartments across both blocks (STPP)

• Current GIA: 10,000 sq ft

• Guide Price: £16.5m

• Approx GDV: £24-25m

• Tenure: Freehold

• Ref: SNVO

Mayfair: Mews house with potential to extend

• Current GIA c3,300 sq ft. Proposed GIA c5,000 sq ft

• Exceptionally rare - direct access to communal garden square.

• Asking: £9.5m

• Approx GDV: £15m

• Tenure: Freehold

• Ref: MWO

Mayfair: Trophy Commercial Asset

• Freehold trophy asset configured as restaurant with office above.

• Highly reversionary: passing rent £51 PSF vs comparables c30% higher.

• Relatively low £/PSF ask at £1,370 PSF.

• Asking Price: £19m

• Ref: CRH

Belgravia

• Brief Description: 2 exceptional houses side-by-side with large garden, private garage with scope to amalgamate & extend (STP).

• Asking Price: £15m

• Approx GDV: £25-30m

• GIA: 8,000 sq ft

• Tenure: Freehold

• Ref: TE-RJ

South Kensington

• Brief Description: Prime Mews Street with planning granted for for 50,000 sq foot of resi, commercial and parking

• Asking Price: OIEO £23.5m

• Passing Rent: £1.1m (4.75% yield at the ask)

• Tenure: Freehold

• Ref: MK-CF

Chelsea: Site with Planning Permission to create Luxury Apartment Block

• 26 Luxury Apartments

• Approx GIA: 40,000 sq ft

• Asking Price: £50m

• Approx GDV: £120m.

• Ref: OSC

Mayfair: Rare Freehold Mixed Use Block

• Opportunity to increase saleable area - STPP

• Currently - offices, restaurant and nightclub

• 4.6% Reversionary Yield

• WAULT over 12 years.

• NIA c37,000 sq ft.

• Guide: £90m

• Approx GDV: £120-£140m

• Ref: VODKREB

Last Update: 28.07.21

About: Ludgrove is a research-driven London property buying agency, sourcing properties for home-owners, investors, family offices and developers. The company is the only UK buying agency that conducts in-depth research into the Prime London property market and their research regularly features in The Times, Forbes Magazine, Property Week, PrimeResi, Mansion Global and others. As well as conducting searches for homeowners, Ludgrove sources and appraises off-market apartment blocks and development opportunities, adding considerable value to Investors and Developers. The agency is ranked one of the top UK buying agencies by Prime Resi. CEO and Founder Fraser Slater is a former Real Estate Analyst and Fund Manager. His former fund WDB Capital was one of the best performing Funds in Europe during the Financial Crisis. Co-Founder Isabella Slater is an interior designer.

Contact Details:

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. The Ludgrove 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 and our publications has been obtained from sources which we believe to be reliable and accurate, but without further investigation this cannot be warranted.