WC2, London £16,000,000

SAB presents a Development Opportunity WC2, close to Chancery Lane, Holborn, Temple and Blackfriars stations. It’s a retail/office conversion with planning consent for 14 apartments. All CIL & S106 payments already paid and there are no social housing obligations.

Asking price: £16m

Estimated GDV: £28m

Development costs: Circa £5.5m

Estimated gross profit: £6.5m

Estimated net profit: £5m

Buyer’s fee applies