TechWest House, London, W3
Permitted Development Rights
TechWest House is a 40,000 sq ft Freehold office block, comprising of Victorian buildings and well-located on the Uxbridge Road.
It was acquired as a lucrative tenanted investment, and upon consideration was identified as a premium opportunity to obtain Permitted Development Rights. Vacant possession was negotiated and change of use to Residential achieved to build 35 units with resale values when completed of circa £25 million.
The site was sold for more than 100% return on investment and without undertaking any development.