2 Allen Street

Prime real estate development in the heart of Kensington High Street. Full refurbishment of existing office block into a contemporary masterpiece.

Details:

Unit Sale £psf
£ 0
Duration (months)
0
Gross margin
0 %

This prime-location office suite in the heart of High Street Kensington was in need of a full refurbishment to bring the outdated offices into the modern age. YKG was appointed as the Lead Designer for the new office spaces with BI design & internal fit-out.


We assisted in the manifestation of a quintessential look throughout the communal spaces, using oversized mirrors and large format porcelain tiles throughout to create a modern working environment. It now boasts a 98% occupancy rate – a fantastic example of how high-class commercial design is a great investment.



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

30

£352

£177,000

£233,000

£6,476,250
£5,150,438
£1,325,812

26%

19 months

£500,000

Actual

30

£528

£239,794
£252,989
£8,693,875
£5,505,030
£3,188,845

57.93%

19 months

£550,000

©2021 YKG Asset Management

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