120-122 Bridge Road

Conversion of Existing Office Block into 61 High-Spec Residential Apartments  in the Heart of Chertsey

Details:

Residential Units
0
GDV
£ 0
Gross margin
0 %

Following a successful planning application process with Runnymede Borough Council, YKG were appointed as the lead developer for this prestigious office-to-residential conversion with associated extensions and internal reconfigurations & fit-out for our developer clients.

The scheme saw the transition from office block to high-spec residential accommodation with large windows and bright, open spaces. The end result saw the creation of a total of 61 Residential Units – a mix of 1 and 1 beds – with associated car and cycle parking.

Permitted Development

Total Units

Unit Sale £psf

Avg Price of 1 Bed flat

Avg Price of 2 Bed flat

GDV

Gross Costs

Gross Profit

Gross Margin

Duration

Equity Investment

Initial

29

£524

£265,798

£358,950

£12,598,131

£10,296,009

£2,302,122

22.36%

20 months

£3,200,000

Actual

61

£561

£2297,841

£360,967

£20,886,200

£14,231,324

£6,654,876

25%

20 months

£3,500,000

©2021 YKG Asset Management

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