Hercules street custom build opportunity

 

Group custom build opportunity in N7

 

The reason this caught my eye: It’s a great location and if the condition of the building is good enough then perhaps we could utilise the existing fabric of the warehouse to create a classic ‘warehouse conversion’.

 

What’s the opportunity: It’s a late Victoria freehold warehouse/workshop with an existing gross internal area of 338.95 sq.m (3,649 sq.ft).  Subject to planning, this could make 2 or 3 good sized homes and it’s possible that you could also build upwards.

 

How much does it cost: The plot is on the market for £1,050,000 but the agent has said he thinks it might go for about £1.2m. We have done three initial schemes and we think that the cost will be all in from about £695 psf to £785 psf

 

What would I need to budget:  If you wanted 1,000 sqft – that could cost in the region of between £695k to £785k. If we could get planning for more space (eg by building upwards or downwards into a basement), that cost would come down. 

 

What are the things to watch out for: I counted over 20 party walls! So planning might be contentious and logistics will be difficult.

 

Status: We have a group which has formed already – but let us know if you would like to join the wait list should any of those people drop out.

 

 

If your requirements have changed, please update your information via the Custom build register form.