119 Altenburg Gardens, London SW11 1JQ
Redevelopment, 3 contemporary mews houses and 8 luxury apartments
Projected GDV: £13,225,000
Purchase price: £6,360,000
Purchase & professional costs: £321,000
Development costs: £2,013,000
Added value: £4,531,000
Gross margin: 52%
Bakery Place is located on Altenburg Gardens off Lavender Hill in Clapham Junction. Originally built as a bakery with associated buildings it has been operated as a series of office buildings since the mid 1980’s.
We plan to convert the building into 8 exceptional flats and three mews houses with a total area of 11,500sqft. These flats will focus on retaining the existing character of the building whilst providing the facilities expected of a modern high-end apartment. The units are extremely spacious with 18ft high vaulted ceilings, exposed brickwork and huge windows providing masses of light. It offers the opportunity to create a unique and exceptional development.