List of Development & Investment Opportunities
Updated: Aug 18, 2022

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.