News

5 November 2018

Transforming Thornton Heath - multiple simultaneous projects in South London hotspot

Property development is a vital part of the revitalisation of any urban area – and Thornton Heath, South London is no exception, with much of the recent change led by SHW Development Consultancy, strategically laying the groundworks for the near-simultaneous sale of four adjacent sites.



In recent months the team have formulated the following deals:

  • Obtaining planning consent on the former Horseshoe public house (745 London Road) for a four/five storey mixed-use development comprising 2,500 sq ft of retail space, 20 new dwellings and 3,100 sq ft of new parking (CGI pictured above). The site was subsequently sold to a developer in July 2018

 

  • SHW Development Consultancy successfully sought and obtained planning permission for 28 self-contained flats to be built at 777 London Road, a former van sales centre. This included the formulation of detailed local market reports for the client so the optimum sale/exit schedule could be planned. The site was subsequently sold to a developer for more than the estimated price in July 2018

 

  • The car park of the nearby former Wheatsheaf public house (759 London Road) was also sold to a developer in July 2018

 

  • The sale of 10 Willett Road, a half-acre multi-let industrial site in May 2018 as a going concern but with residential planning consent secured for the future

 

Richard Plant, Head of SHW's South London office said: “Thornton Heath is the epitome of an up-and-coming area with a projected £1.4bn to have been spent on recent developments through to 2020. House prices there are said to be moving faster than anywhere in the capital – basically it’s a very smart place to transform sites.”

 

Contact:
Richard Plant

rplant@shw.co.uk

020 8662 2718

 

This case study is taken from the new issue of SHOWCASE, a compilation of recent news, trends and instructions demonstrating the varied work we do.

 

To download SHOWCASE click here.


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