Kinney Greens Residential Department – One Year On!
Our newly established residential consultancy service, now one year old, has been hugely successful over the past 12 months acquiring and disposing of properties, along with advising clients around central London. Working closely with our West End, Midtown and City offices, our residential team offers a range of services including planning and affordable housing advice, residential valuations and appraisals for change of use to residential for a variety of clients. Our most recent work involves the disposal of offices at 10 Gough Square for a client. The property is suitable for a variety of uses, including residential due to its location in a residential cluster in the City of London. We have had strong interest from developers looking to acquire a Freehold in the City and believe the property will sell very well.
Earlier in the year we disposed of an office building in the west of the City which was marketed to selected short listed developers and again has the potential for a change of use to residential. The property sold above the asking price. Sticking with acquisitions, the team acquired an office building suitable for residential use in the east of the City (in a residential cluster) where residential sales values are rapidly increasing. Our clients have recently obtained planning permission and the property was bought at a very competitive price. We now offer advice on the new permitted development rights for landlords unclear on whether they will be able to convert their property to residential use without the need for planning permission.