by ciprops | Dec 22, 2015 |
Harte and Garter, High Street – Windsor: The Harte & Garter Hotel was purchased in a joint venture vehicle with Galliard Homes and Mapleleaf Group in the summer of 2006. The property was bought vacant and leases were subsequently agreed with Wagamama and Folio Hotels Limited. A complete refurbishment of the hotel was undertaken at a final cost of £8 million. The investment of the property was pre-sold to The Crown Estate at the beginning of the summer 2007 for £26 million. The total rental income was £1.445 million...
by ciprops | Dec 22, 2015 |
Unit 12 Latimer Road, London W10: This off market property was purchased in November 2014. The area and indeed the street itself has become much sought after and is popular with well known fashion designers and artists who have studios in the street. The building was sold by its owner occupier with short term income. After consultation with the planners, a planning application was submitted to raise the ceiling height of the first floor and to refurbish the façade retaining its office use. Consent for this application was granted in August 2015. The property was sold to an owner occupier in September...
by ciprops | Dec 22, 2015 |
Duke Street: We purchased 37 Duke Street, London W1 in March 2013 in an off market transaction. The building is in a prime location in the heart of the West End, just off Oxford Street facing the main side façade of Selfridges, where Top Shop, Chanel and Valentino all currently have shop front exposure. The building is principally an office building with a sandwich bar / café occupier at ground floor and a nightclub in the basement. The offices are let on short term leases all on virtually a co-terminus basis. We purchased the building with a view to obtaining Change of Use on the upper floors to residential, which was to also include filling in some of the light wells to the rear of the building. Squire and Partners were instructed as Architects, and after a consultation with the Planning Department, a scheme was prepared and a Planning Application accordingly submitted. The proposed scheme allows for six new apartments, x two one bedroom flats, two 3 bedroom flats and x two 2 bedroom flats. The retail unit at ground floor is to be converted back to traditional retail, whilst the nightclub in basement remains. Planning consent was granted in January 2014. The property was sold in 2014 with the benefit of the new planning...
by ciprops | Dec 22, 2015 |
The Bald Hind – Hainult Road, Chigwell Essex: Together with joint venture partners, The Bald Hind Public House was purchased on February 2010 with a view to obtaining Planning Consent to build a residential development on the site. Planning Consent was achieved in October 2011 for the demolition of the existing building and the construction of fourteen two and three bedroom apartments. The property was sold shortly after to Western Homes who have now built out the...
by ciprops | Dec 22, 2015 |
35 Willow Place, London SW1: This vacant Public House was purchased in 2007. Planning Consent was granted to build a residential development on the site. Demolition of the site commenced in late 2010 and the build was completed in late 2011. All of the flats were sold by March 2012. The ground floor and basement restaurant is occupied by the well known restaurateur Claudio Pulze, trading as Gustoso, and has become a firm local...
