London provides a hugely diverse range of property type, with suburban areas dominated by Victorian and Edwardian architecture. Houses, converted flats, mansion blocks, shop parades are instantly recognisable features of most London postcodes, with an even greater variety of tenancies and tenures available to Londoners.
Converting and extending existing accommodation provides an opportunity to add value to a property asset, making an appealing development project.
Short leases & absentee freeholders can reduce value, limit marketability and restrict funding options for most regular purchasers. However, cash funds & a sound understanding of Leasehold reform act, make these viable investments for CPG.
Two recent examples, acquired Spring 2018:
Hampstead, NW3 – Garden Flat in South End Green, close to the Heath. Planning consent obtained to extend the existing accommodation to provide 1100 sq ft of stunning 3 Bed, 2 Bath apartment.
Maida Vale, W9 – Raised Ground Floor 2 Bedroom Mansion flat. Located adjacent to Paddington Rec, and within easy reach of Maida Vale underground. Acquired subject to the existing Assured Shorthold Tenancy, and with an unexpired lease term of 64 years. This represents a longer term investment, whilst lease extension negotiations get underway.
Similar single or multi unit buildings are sought by CPG, for immediate acquisition