London, WC1X
We acquired this 4,551 sq. ft. freehold commercial block at the corner of Gray’s Inn Road and Argyle Street for £1.35m (c.£300/sq. ft.), representing a significant discount to market value. The interconnected buildings span lower ground to the third floor and offer strong redevelopment potential.
Our strategy is to secure planning for either a mixed-use or fully residential scheme and exit within 12 months with planning consent at a target resale value of £2.0m+. Preliminary feasibility shows a GDV of £4.2m+ (mixed-use) or £4.4m (residential), with sales values and rental yields modelled conservatively below current market benchmarks.
