Queensway - Southampton
- Office to 55-unit conversion including planning for 25 extra units across 3 extra floors (planning now secured)
- 1,455 sq. m. (GIA)•Purchase Price: £1.35m
- Estimated Profit: £577k
- Estimated GDV: £8.1m –sold with planning for £2.4m
- Timescales: Purchased February 2017 and in the process of being sold to another developer.
- Alongside Hampton House, Queensway was the second property purchased by Glenn and Jon Lynch’s joint venture company Wessex Green Developments Limited.
- Sale of the property is currently at exchange stage with completion no later than May 2019.
Please note we do not hold any other financial information for this scheme as it is being dealt with directly by the main investor (Jon Lynch).