This redundant car park just off Commercial Road was offered for sale with full planning permission for the construction of 4 contemporary townhouses.
Located in the popular York Street Conservation Area we anticipated in the region of £850/sqft for the finished units; giving a GDV of £3.3M. The strength of our database came to the fore; enabling us to generate lots of interest from a variety of would-be buyers. Having shortlisted several offers, terms were agreed with a private developer at £1.45M.
We'd spoken to the preferred bidder in connection with several other properties previously, and were pleased that he topped the bidding on this occasion - it's always nice to conclude a first deal with a new contact.
If you're looking for a development site and aren't currently registered on our database please get in touch. We manage the sale of everything from a single plot to large strategic opportunities, and we're always keen to make new friends!
PROJECT ADDRESS: Land South of Wakeling Street, Limehouse, London E14